UBS was placed under formal investigation by the French authorities on Wednesday and ordered to post bail of more than around $1.5bn in the kind of tax-evasion case that ensnared it in the United States several years ago.
Ex-Jefferies Managing Director Jesse Litvak, deemed an 'elite' fraudster by prosecutors for being the only person convicted of fraud over a $20bn government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities.
Macquarie Group said earnings at its securities division will probably fall this fiscal year after markets slowed in the three months through June.
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Vince Cable's attempt to use positive discrimination to get more women into the boardrooms of major companies has been thwarted by the Equalities and Human Rights Commission (EHRC), which has ruled out the use of all-female shortlists.
'Wide-ranging remedial action' appears to have been required.
'The trust in senior management has been suffering for a long time'.
cer Financial has been named the 2014 Best Recruitment Firm, Operations by global financial website HITC.
John Paulson’s hedge funds made almost $1bn on his investment in OneWest Bank, which is being purchased by CIT Group for $3.4bn in cash and stock.
Former Jefferies managing director Jesse Litvak, the only person convicted of fraud related to a $20bn government bail-out program, may spend almost a decade in prison for lying to his customers about mortgage-backed securities.