The more global lawmakers and regulators look at it, the more clear it becomes to them that the only way to really solve the 'too big to fail' problem is to shrink the so-called systemically important financial institutions to a size where the future failure of any one of them doesn't put the rest of the financial system at risk.
Source - The Sunday Times Rich List 2011
Let this be a lesson to any of you jobseekers who are tempted to tell a porkie on your CV.
Here's a really sad story about how US prosecutors can pick up you, chew you around, and spit you out.
by Marian Wang, ProPublica, June 6, 2011.
Here's the latest from our Highly Placed Professional.
Here's the latest from Cityboy
The Securities and Exchange Commission has charged Eric Lipkin, a longtime employee at Bernard L. Madoff Investment Securities LLC (BMIS), with helping Bernard L. Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme.
Former International Monetary Fund Managing Director Dominique Strauss-Kahn pleaded not guilty three weeks after his arrest on charges of sexually assaulting and trying to rape a Manhattan hotel maid.
Yep, $32bn in losses over the next three years relating to the US housing market. And it's Bank of America (BAC).