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Weavering boss jailed for 13 years

Prison Bars

The former boss of failed hedge fund Weavering, the collapse of which cost investors $536 million (356.91 million pounds), was sent to jail for 13 years on Friday, one of the longest for fraud in Britain.

UBS - no losses over Swiss franc

Trading Desk

UBS said on Friday it did not suffer any overall losses in its trading business after the Swiss National Bank's (SNB) decision last week to abandon its three-year-old cap on the franc.

Private equity firms said do better

Sec Building

Private equity firms, which three years ago became subject to oversight by the U.S. Securities and Exchange Commission, have fixed some of their worst deficiencies although their transparency could still improve, an SEC official said.



Bank of America

BofA equities unit sees shake up

Bank of America equities chief Fabrizio Gallo is shaking up leadership across his division, promoting Glenn Koh to run its trading operations globally, as at least a half-dozen other deputies take on new roles or leave.