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Former trader files appeal over 'London Whale' probe

Beached Whale

A former JPMorgan trader has filed an appeal with a London tribunal court to challenge civil findings made by Britain's financial watchdog against the bank over the 'London Whale' debacle of 2012, the Financial Times reported on Sunday, citing tribunal records.

Barclays to set up business academy for training

Antony Jenkins Barclays

Barclays, which is facing allegations of fraud in the US, is setting up an academy with Cambridge Judge Business School where it will send all 2,100 of its compliance staff for specialised training by academics ranging from philosophers to lawyers.

Billionaire Richard Mellon Scaife dies at 82


Richard Mellon Scaife, the billionaire heir to the Mellon banking and oil fortune and a newspaper publisher who funded libertarian and conservative causes and various projects to discredit President Bill Clinton, has died. He was 82.

Obama a bit late on banker pay concerns

Bull's Eye

President Barack Obama’s critique of trader bonuses at Wall Street banks as still risky to the economy drew objections from financial executives who said the compensation system already has been fixed.