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Not Fab - ex-Goldman salesperson told to pay more than $1m

Pile Of Coins

U.S. securities regulators are seeking more than $1m in fines and other payments from Fabrice Tourre, the former Goldman Sachs salesperson found liable for defrauding investors in one of the government's highest-profile civil cases stemming from the financial crisis.

Good news at RBS

RBS building sign

Royal Bank of Scotland has cancelled one of the final pieces of the multi-billion pound bailout package put in place five years ago as part of its $74.9bn taxpayer-funded rescue.



Exit Sign

Why are hedge funds supporting Brexit?

Hedge funds like the sort of stock market volatility predicted this week by a US investment bank: Morgan Stanley claimed that if the UK votes to leave the European Union, shares in the FTSE 100 could underperform by 20%.