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Trader Banned After Mismarking Book For 2 years To Conceal Losses

The Financial Services Authority (FSA) has banned and fined Nabeel Naqui, the former Head of the Credit Products Group (CPG) Europe and Asia Pacific at Toronto Dominion Bank (Toronto Dominion), £750,000 for deliberately mismarking his trading positions and misleading fellow staff to conceal his losses over a period of two years.

FSA's Latest Letter On The Royal Bank of Scotland Report

Financial Services Authority Chairman Lord Turner has now publicly released a letter he sent earlier this week to Andrew Tyrie, the chairman of the UK Treasury Select Committee, on the subject of the regulator's report into the meltdown over at The Royal Bank of Scotland.

Stupid Bonus Quote Of The Week

EU financial services chief Michel Barnier has been talking to the UK Treasury Select Committee on the subject of banker bonuses and the new EU restrictions.

The 'Curse'

Mummified Hand - Tomascastelazo

A 'curse', they are calling it now. The 'curse' of being associated with Ponzi schemer Bernie Madoff.