The Securities and Exchange Commission (SEC) has announced that J.P. Morgan Securities LLC will pay $153.6m to settle SEC charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet.
Here's something that surfaced via Twitter earlier this week, and is allegedly a letter sent a few years back from James Bond actor Sean Connery to Apple CEO Steve Jobs.
It was eight months or so ago when one of our readers wrote in predicting that many in the industry might regret having their base salary hiked (again).
They claim to be the best in the business to Lord Sugar and Donald Trump, but many Apprentice contestants are perhaps better known for their cringe-worthy comments and gaffs on the show.
This year’s list of Institutional Investor Hedge Fund 30 Rising Stars were chosen not just for their professional expertise and reputations, but also for their willingness to think and do things differently. They represent the range and diversity that hedge funds embrace and from which their success is derived.
Hedge fund guru John Paulson has taken one of the biggest trading baths ever, allegedly losing up to $720m in the position he took in Chinese commercial forest plantation operator Sino-Forest.
Staff over at The Royal Bank of Scotland are said to have 'rushed' to cash in bonus payments that vested Monday, helping to push down the company's shares by some 4%.
The US National Credit Union Administration (NCUA) has filed two suits against securities firms alleging violations of federal and state securities laws and misrepresentations in the sale of hundreds of securities. Additional law suits may follow in order to recover losses from the purchase of securities that caused the failures of five, large wholesale credit unions.
Winifred Jiau, a former consultant with expert networking firm Primary Global Research LLC, was convicted in the third trial to result from a U.S. government crackdown on insider trading tied to hedge funds.
The UK is set for another round of industrial action, which begins Monday at 9pm with a shutdown of the tube network, which is scheduled to reopen at 3am Tuesday.
US regulators have moved to shut down Butterfly Labs, a Missouri-based company they allege deceptively marketed computers designed to produce the virtual currency Bitcoin.
UBS has named Roger Naylor and Robert Karofsky co-heads of global equities at its investment bank, replacing Mike Stewart who is moving to wealth management.
Barclays has announced that Akshaya Bhargava has been appointed as Chief Executive of Wealth and Investment Management. He will join Barclays on 13 October 2014.