Goldman Sachs was prevented from participating in the 9th September auction of three-month U.S. Treasuries because of a malfunction with the government’s online order system, according to a person with direct knowledge of the matter.
Deutsche Bank has won an appeal overturning a Singapore ruling ordering it to pay former client Chang Tse Wen $49m for negligence in advising him on his investments.
As JPMorgan Chase works its way through its own legal morass, it can look to Goldman Sachs for an example of how long litigation can haunt a bank.
Last spring the City of London was rife with rumours about a trader at the vast JP Morgan investment bank who was making such huge bets on the highly complex – and deeply risky – derivatives markets that he was known as "the London Whale" or "Voldemort".
The Googleplex keeps getting more interesting.
Standard & Poor's has just released a very interesting report with a pointed warning to all the stock exchanges in the U.S.: exchanges that have significantly more technical problems than others could lose market share as investors lose confidence in the exchange.
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The Securities and Exchange Commission has charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.
Sir Richard Lambert, the former Financial Times editor and ex-director general of the Confederation of British Industry, is to chair a new professional body aimed at raising standards in the scandal-hit banking industry.
BP is at the centre of one of the world's biggest gas sales agreements, worth up to $100bn (£62bn) over 25 years, after signing a deal to supply energy from a Caspian Sea project that could reduce Europe's reliance on Russian fossil fuels.
EasyJet is to introduce a loyalty scheme for frequent flyers, as the pioneering low-cost airline celebrates its 20th anniversary.
US authorities have charged four men with orchestrating “the largest theft of customer data from a US financial institution in history” in indictments unsealed on Tuesday.
The latest attempt by the government to rehabilitate the battered reputation of the City of London takes place on Wednesday when Mark Carney, the governor of the Bank of England, invites the public to have their say on the future of financial markets.