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Wall Street money men rank about as high as meal worms

American courtroom

From the beginning, one of the concerns expressed by lawyers for hedge fund portfolio manager Michael Steinberg was that their client would have a hard time finding jurors who weren’t biased by the overload of negative news coverage of his employer, SAC Capital.

Ex-Merrill Lynch broker suspended and fined

Pile Of Coins

A former Merrill Lynch broker who managed as much as $1bn has been suspended and fined by Wall Street's watchdog for allegedly not telling the firm about potentially suspicious funds transfers involving clients' accounts, according to a settlement.

UBS gets immunity deal

UBS HQ archway

UBS has reached an immunity deal with European Union antitrust authorities that will spare the giant Swiss bank from further fines for manipulation of benchmark interest rates, according to people familiar with the matter.



Trading Desk

BNP Paribas trading lags

BNP Paribas, the French bank, became the latest big European bank to report profits fell at its investment bank, as it was boosted overall by retail.