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Goldman MD says Tourre didn’t disclose Paulson role

Pointing The Finger

The Goldman Sachs employee who ran the firm’s mortgage correlation trading desk testified that Fabrice Tourre failed to tell investors about the role of Paulson & Co. in the deal at the center of the U.S. Securities and Exchange Commission’s fraud case against him.

C Suisse Sued, Barclays Sheikh gone

Gavel

Credit Suisse was sued for more than $350m by entities of Highland Capital Management LP who claim it marketed loans for high-end residential communities including the Yellowstone Club in Montana based on unreasonable and deceptive appraisals.

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HSBC

HSBC continues to weigh up HQ move

HSBC CEO Stuart Gulliver said recent moves by Britain's new government reflected a more positive mood towards the financial sector, as the bank continues to weigh where it should be headquartered.

Morgan Stanley building

Morgan Stanley in ugly profit miss

Morgan Stanley delivered quarterly earnings that fell well short of analysts' expectations on Monday, as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China's cooling economy.