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JPMorgan bankers charged over swaps

Gavel

Two JPMorgan Chase employees were charged in Germany over the sale of swaps to the city of Pforzheim that resulted in 57 million euros ($64 million) of losses, prosecutors said.

Hedge fund star gives warning for road ahead

The Citadel Center

Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with "vigilance" in light of tumultuous market circumstances.

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New FCA boss: Time to end banker-bashing

Banker-bashing: it's one of the UK's favourite hobbies. But now the soon-to-be boss of the Financial Conduct Authority (FCA), Andrew Bailey, has said it's time to start using the carrot, rather than the stick.