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Ex-Madoff employee felt 'sick' over high returns

Bernie Madoff

A former employee of Bernard Madoff on trial for allegedly aiding the con man’s $17bn fraud told investigators in 2008 that he closed his personal investment account two years before the Ponzi scheme unraveled because the consistently high returns made him feel 'sick'.

JPMorgan nears $6bn investor settlement

A Billion Dollars

JPMorgan is nearing an agreement worth close to $6bn with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.

Goldman ordered to pay ex-programmer's legal fees


A federal judge has ruled that Goldman Sachs must pay the legal fees of a former computer programmer accused of stealing code from the bank, a decision that wades into a hot-button issue as more and more Wall Street employees find themselves ensnared in lawsuits and investigations.



Barclays Canary Wharf

The elephant in Barclays' dealing room

Tales of Barclays bankers playing fast and loose, circa 2011, lack shock value these days. After Libor rigging, forex rigging, and four other serious disciplinary breaches by the bank since 2009, we’re numb.