Nice work if you can get it.
Societe Generale had turned the page on Jerome Kerviel’s record trading fraud. Until yesterday.
Regulators have fined a trader more than £660,000 ($1.09m) for deliberately manipulating the UK bond market.
Hoping to boost surveillance in the wake of numerous insider-trading investigations that ultimately ended its life as a public hedge fund, SAC Capital has hired a Silicon Valley data miner that has done work for the Central Intelligence Agency and the Federal Bureau of Investigation in order to keep closer tabs on its own employees.
Javier Martin-Artajo, the former JPMorgan banker fighting U.S. extradition from Spain over trading losses that surpassed $6.2bn, is challenging the U.K. financial regulator in London.
Deutsche Bank is on track to meet its 2015 targets in investment banking, it said on Thursday after restating its 2013 results to include around $487m of settlement costs and around $69m to cover impaired assets.
Investment banks should have known about foreign-exchange traders using chat rooms that had the potential to rig currency prices, the head of the U.K.’s financial regulator said.
Royal Bank of Scotland must face a U.S. lawsuit seeking to force it to cover losses suffered by a bond insurer on a $1.15bn securities offering backed by allegedly defective and fraudulent home loans.
Analysts at HSBC’s house broker have advised clients to sell the shares of the lender, warning of the risks to the bank from a slowdown in Asia.
The US Federal Reserve cut another $10bn from its economic stimulus programme on Wednesday even as chairwoman Janet Yellen warned that harsh winter weather had hampered the country’s economic recovery.
British employers expect to keep hiring permanent staff in 2016 but are cautious about offering meaningful pay rises, according to a survey from employers’ group CBI.
The UK government reacted too slowly to the crisis in the steel industry that has caused more than 5,000 job losses and left the sector permanently damaged, a parliamentary committee has said.
You probably wouldn’t bang on about your galloping gout or your teenager’s arrest for grand larceny in a round-robin letter at Christmas. So why should technology firms be any different?