Sad to report that Robert H. Lessin, 56, Vice Chairman at Jefferies, died on Monday evening. The cause of death has not yet been disclosed.
The National Credit Union Administration has filed suit in California against Goldman Sach alleging violations of US federal and state securities laws, as well as misrepresentations in the sale of securities to now-failed U.S. Central and Western Corporate federal credit unions.
Lawyers for hedge fund manager Raj Rajaratnam, convicted of insider trading crimes earlier this year, have asked the sentencing judge for leniency.
Here's a note of how 15 of the world's top banks fared on the New York exchanges on Tuesday, after Monday's market turmoil.
Citi CEO Vikram Pandit has been busy burning the midnight oil, putting pen to paper for his staff again.
You always know there's trouble ahead when your CEO begins a memo to staff: 'To my teammates'.
OK, so the markets have been in turmoil and panic has been in the air.
Here's something from the mouth of Barclays CEO Bob Diamond earlier this week:
WASHINGTON – The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Citigroup Global Markets, Inc. $500,000 for failing to supervise Tamara Moon, a former registered sales assistant at the firm's branch office in Palo Alto, California. Over an 8 year period, Moon misappropriated $749,978 from 22 customers, falsified account records and engaged in unauthorized trades in customer accounts.
Here are some links to a few interesting BBC, Bloomberg and CNBC articles currently doing the rounds.
Every year the UN compiles a list of the world’s happiest countries. The most recent survey, from 2013, ranked more than 20 countries above the UK. So what puts a smile on faces from Copenhagen to Colchester?
Barclays has hired 11 people for Japanese equity sales and trading since July and plans to add about four more by the end of the year amid a resurgence in the world’s second-largest stock market.
Overhauling the broken culture of high street banking will take a generation to achieve, according to a report that found UK banks have received 20m customer complaints since the financial crisis.