GLOBAL ECM ACTIVITY DOWN 14%
A 37-year-old British banker who jumped 7 floors to his death from the rooftop of a luxury Singapore hotel did it because he thought he could 'make the jump. His death leap was recorded by a friend on his mobile phone.
In just over two-and-a-half years, Bank of Amercia has paid out around $29bn in penalties and agreements to right perceived wrongs.
Neil Morrison brought his experience as a Massachusetts deputy treasurer and a year working on Wall Street to Goldman Sachs when the firm hired him as a Boston-based public-finance banker in 2008.
Those who took part in the manipulation of the London interbank offered rate (Libor), the key benchmark rate, could face criminal prosecution even though Libor manipulation is not yet a criminal offense.
Preet Bharara, the United States Attorney for the Southern District of New York, announced that JON HORVATH, a former research analyst at a hedge fund in New York, pled guilty Friday in Manhattan federal court to charges arising from his involvement in a $61.8m insider trading scheme.
Four men have been charged with taking part in an £3m insider dealing conspiracy by the Financial Services Authority as part of Operation Tabernula, the largest and most complex inquiry into insider trading ever conducted by the regulator.
Two people responsible for sending out millions of spam texts offering accident compensation and PPI misselling services face fines totalling about half a million pounds, following a crackdown by the Information Commissioner's Office.
More job losses, fewer big bonuses.
Good news on the Goldman front over the weekend, as Barron's said on Saturday that Goldman shares could have an upside of at least 25% over the next 12 months as capital markets return to strength and profits feed through to the bottom line.
Healthcare investment banker Jason Truman has left Morgan Stanley to join Barclays in New York, according to an internal memo from the British bank seen by Reuters.
The number of houses listed for sale for £2m or more on the UK’s main property websites has more than doubled in the two weeks since the Tories’ general election victory quelled fears of a mansion tax.
A former trader will become the first person to face a judge over allegations of conspiracy to rig the crucial Libor benchmark interest rate, when he goes on trial on Tuesday.