Former Wells Fargo investment banker John Femenia was charged in Charlotte, North Carolina, earlier this month with leading an $11m insider trading ring that paid kickbacks in cash and gold for tips on corporate mergers.
On a good day, 27-year-old Bobby Timberlake at CME Group in Chicago rounds up $2.5bn from the world’s biggest traders and banks such as JPMorgan Chase to cover their losses in the $639 trillion derivatives markets.
And impacted the lives of hundreds, if not thousands, of people.
Massachusetts Secretary of the Commonwealth William Galvin this week accused Morgan Stanley of breaking the law as lead underwriter in Facebook’s initial public offering, triggering a $5m fine.
‘Just Make Sure You See It’ Heatworld
The New York Stock Exchange, whose trading floor helped fuel Warren Buffett’s fortune and financed industries from shipping to semiconductors, is about to be bought by a 12-year-old energy market operator founded with money from a legal settlement.
Peter Madoff will serve 10 years in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. judge said Thursday.
Robert Khuzami, who led the U.S. Securities and Exchange Commission’s enforcement division’s pursuit of financial industry wrongdoing related to the subprime crisis, plans to step down as early as next month, three people with knowledge of the matter said.
By now, most people know the date of the end of the world, according to the Mayan calendar - December 21st, 2012. But, um, does anyone know what exactly is supposed to happen - or when ?
JPMorgan will pay $166m and change credit-card collection practices after regulators found that the bank used abusive tactics to collect debts, the Consumer Financial Protection Bureau said on Wednesday.
Mac the knife strikes again.
Major lenders will be the largest beneficiaries of shock changes to the bank levy announced by George Osborne following sustained lobbying by the industry.