It always happens. When a bank racks up losses of any kind, fingers soon begin to point every time it becomes known that the firm is spending money entertaining either staff or clients.
And the hits just keep on coming.
New York - Zvi Goffer, the former Galleon Group trader known as 'Octopussy' for his sprawling connections to an insider network, has been sentenced to 10 years in prison for insider trading
Washington, D.C. - The Securities and Exchange Commission has charged a former Goldman, Sachs employee and his father with insider trading on confidential information about Goldman’s trading strategies and intentions that he learned while working on the firm’s exchange-traded funds (ETF) desk.
Here's a chance to do some good.
Here are a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories currently doing the rounds.
The US Federal Reserve has announced "Operation Twist" – a $400bn plan aimed at kickstarting the beleaguered US economy.
Although there probably won't be a whole lot of dancin'.
Here's a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories that are doing the rounds.
by Lois Beckett, ProPublica
Top 50 most influential business executives announced in ‘gay New Year Honours List’
U.S. pension regulators questioned on Thursday whether criminal violations in one unit of Credit Suisse reflect broader compliance problems at the bank, in an unusual public hearing to vet the bank's request to continue managing retirement plans.
The Securities and Exchange Commission has charged a subsidiary of UBS with disclosure failures and other securities law violations related to the operation and marketing of its dark pool.