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.
Vikram Pandit became CEO over at Citigroup 3 years ago last week, while Brian Moynihan and James Gorman have been at the helm of Bank of America and Morgan Stanley respectively just short of a year.
Oh how we've all had a good laugh this week over that 44 page trial dress policy UBS has launched in 5 retail branches in Switzerland.
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.
Below is a statement issued Wednesday from Stephanie Morgan, the wife of Mark Madoff, who tragically committed suicide last weekend.
UBS is trialing a new dress code for employees (the trial is starting off in five retail branches in Switzerland). And already the 44-page document is the subject of much mirth.
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.
Tim Linacre is the CEO at Panmure Gordon & Co.
A 'curse', they are calling it now. The 'curse' of being associated with Ponzi schemer Bernie Madoff.
LONDON - The Bank of America Charitable Foundation has announced the winners of its fourth annual Neighbourhood Excellence Initiative (NEI) Awards, at a ceremony held at Bank of America Merrill Lynch's City offices.