Another tragedy occurred in London early Wednesday morning, when a security supervisor who worked for Willis, the global insurance broker, fell 350 feet to his death from the Willis Building in an apparent suicide.
Nomura is planning to grow its fixed income business, as it downsizes both equities and investment banking.
Another fall guy ?
He ain't taking it laying down.
JPMorgan Chase could still lose more money on investments from its London Chief Investment Office even though the bank has 'mostly fixed' the problem, CEO Jamie Dimon said (Bloomberg).
Russell Wasendorf Sr., the indicted founder of Peregrine Financial Group Inc., has signed a plea agreement with prosecutors in which he admits to crimes including mail fraud.
The Financial Services Authority (FSA) has fined Peter Cummings £500,000 and banned him from holding any senior position in a UK bank, building society, investment or insurance firm. This is the highest fine imposed by the FSA on a senior executive for management failings.
by Paul Kiel, ProPublica
BNP Paribas has embarked on a five-year plan to expand services to affluent U.S. clients as the company looks to businesses beyond its core European market for growth.
Cantor Fitzgerald has announced that, together with its affiliate BGC Partners Inc., approximately $12million was raised for charities globally at the companies’ annual Charity Day on Tuesday, September 11,2012.