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Former SAC manager hit with revised indictment

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Prosecutors in Manhattan on Thursday filed a revised indictment of Mathew Martoma, the former SAC Capital portfolio manager charged last November with illegal trading of two drug stocks in what was billed as the largest insider trading case in U.S. history.

SEC to discuss Nasdaq trading outage


The U.S. Securities and Exchange Commission will meet with heads of the major exchanges on September 12th to discuss last week's Nasdaq trading outage, the regulator said on Tuesday.

UBS shakes off Sheikh case

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A Dubai court has dismissed a Kuwaiti sheikh's $21.4m claim against UBS in which he alleged the Swiss bank failed to pay him for helping it become lead arranger on a $9bn asset sale by Kuwaiti telecom operator Zain.



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Glencore: how did it go so wrong, again?

In the spring of 2011, when the commodities trading giant Glencore was on the verge of floating on the London stock exchange, media outlets received a pointed communiqué from one of the company’s law firms.