The BBC has reported that the City of London Police have confirmed that they arrested a 31-year old man in the early hours of this morning in connection with the $2bn rogue trading loss announcement made by UBS earlier today.
San Francisco — The U.S. Department of Labor's Occupational Safety and Health Administration has found Bank of America in violation of the whistleblower protection provisions of the Sarbanes-Oxley Act for improperly firing an employee.
Here are a few links to some interesting BBC, Bloomberg, Chicago Business, New York Times and Reuters stories making the news today.
UBS AG, Switzerland’s biggest bank, said it may post a loss in the third quarter because of a $2bn loss from unauthorized trading at its investment bank.
Perfect timing - 3 years to the day after the fall of Lehman Brothers!
MF Global has announced the realignment of its global Equities business. The company will focus on areas where it has established strengths and competitive differentiation - specifically commodities, financial services, consumer and global policy research.
What with all the doom and gloom surrounding job losses, we thought we'd take a quick look at job vacancy numbers as they feature on firms' websites.
The hedge fund manager convicted of conducting America's biggest insider trading scheme has told court officials he isn't "clear" that what he did was wrong. The admission may lead to an ever harsher sentence, say legal experts.
Redundancy is rarely looked upon as an opportunity, but that is exactly what it can be. With the right planning and the right outlook you can turn what seems like a despairing situation to your advantage.
It's beginning to feel like 2008. Hold on to your hat.
Royal Bank of Scotland is looking to put most of its Asian corporate banking business up for sale, according to a person with knowledge of the discussions.
On Wednesday, congressional Republicans tried to pull a fast one.
What do you do if you manage a company that has just ousted its founder following a string of sexual harassment allegations?