Grinding away at expenses.
'Unfortunately, it was his time.'
Waiting it out.
Just days after winning an unfair-dismissal claim against Societe Generale, convicted rogue trader Jerome Kerviel is back in court in a clash over his liability for the lender’s record $5.5bn loss eight years ago.
Alleged fraudster Andrew Caspersen's compulsive gambling on put options in the S&P 500 index led to losses and allegedly to a massive fraud.
JPMorgan expects revenue and expenses to remain about unchanged from last year as the bank waits for the benefit of higher interest rates and plows cost savings into investments, Chief Financial Officer Marianne Lake said.
A former UBS equities salesman who sought more than $1m in a lawsuit over his departure will instead have to pay the bank $42,100 because he didn’t work though his notice period.
Sad to report.
Barclays has hired Tim Main to be chairman of its global financial institutions group, as CEO Jes Staley adds another fellow JPMorgan veteran to the bank’s senior ranks.
Betting odds indicate that there is now a 62 per cent probability of a Remain vote in next week's referendum, according to Betfair.
The deliberations are at an early stage.
Uncertainty about the size of the penalty that Deutsche Bank faces from the US authorities for a misselling scandal a decade ago has knocked almost 4% off the share price of Germany’s biggest bank.
Axel Weber, UBS chairman and a former policymaker at the European Central Bank (ECB) , has warned today's incumbents that monetary intervention is causing international spillovers and major disturbances in global markets.