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Ex-UBS trader asks for dismissal of Libor case

Old courtroom sketch

A Manhattan federal judge on Tuesday questioned why a former UBS trader's bid to dismiss a criminal case accusing him of scheming to manipulate the Libor rate should even be considered when the U.S. government calls him a fugitive.

Goldman's Gary Cohn in risk warning

Voltage Sign

A practice that's supposed to reduce risk in capital markets could, in some cases, actually amplify problems, Gary Cohn, Goldman Sachs president and chief operating officer, warned Tuesday.



Barclays Sign

Barclays probe to be continued

Barclays will learn whether fraud prosecutors intend to file charges related to its $10.2bn fundraising from Middle Eastern investors by early next year, lawyers for the Serious Fraud Office told a London court.