Morgan Stanley and six of its executives were sued by a former employee claiming they fraudulently obtained a $1.2m arbitration award against him by misleading an industry regulator and its arbitrators.
NYSE Euronext, owner of the largest U.S. equities exchange, is considering ways to improve its plan for dealing with disasters and said exchanges should consider mandatory testing after Hurricane Sandy caused the longest weather shutdown since 1888.
What got the SEC's attention in this case ? A highly unusual trade. Which demonstrates that the better way to use insider information is to avoid trading.
A federal judge ruled in favor of David Einhorn and Greenlight Capital Friday in the dispute with Apple about the tech giant's proxy filing.
Goldman Sachs is in talks with its Tokyo landlord to cut office space as it seeks to reduce expenses, said two people with knowledge of the matter.
UBS has named Mark Yallop to the newly created post of U.K. group country CEO, responsible for all the firm’s operations in Britain.
Knight Capital Group, the market maker that’s being acquired by Getco LLC, plans to sell its credit-brokerage unit to Stifel Financial, according to six people with knowledge of the matter.
Britain was stripped of its AAA-rated debt status for the first time ever on Friday night in a move that puts pressure on George Osborne, who had pledged to use his austerity measures to protect the rating.
Sad to report.
How many Ferraris is too many Ferraris? The world may find out next week.
Joshua Rozenberg’s justification of Judge Cooke’s 14-year sentence on my son, Tom, for conspiracy to defraud (14 years in jail for Libor rigging? The judge makes a persuasive case, 4 August) may satisfy those who think there is no penalty too harsh for a banker.
Hong Kong's first major IPO to brave the market since the depths of the China market rout, CRSC, opened nearly flat on debut Friday.