If the past is any guide, the U.S. Securities and Exchange Commission will probably hold off on its threat to sue SAC Capital Advisors LP until prosecutors determine whether they can build a criminal insider-trading case against the hedge fund’s founder, Steven A. Cohen.
The Securities and Exchange Commission has charged a Connecticut-based business executive with insider trading ahead of the sale of Patriot Capital Funding Group based on nonpublic information he learned at the helm of a firm involved in the bidding process.
Two former chief executives of HBOS, the bank rescued by Lloyds in 2008, have admitted that "stress tests" carried out by the company before its near collapse failed to identify the risks being taken in its corporate division.
Another UBS ?
Wall Street’s reputation will remain 'in the doghouse' as long as trading scandals continue to plague the industry, Morgan Stanley Chief Executive Officer James Gorman said.
UBS is close to reaching settlements with American and British authorities over the manipulation of interest rates, the latest case in a multiyear investigation that has rattled the financial industry and spurred a public outcry for broad reform.
David Slaine had a secret for the FBI that summer day, one of scores he would eventually reveal in his role as a dream informant. The subject was Teterboro Airport. Slaine claimed a money manager he knew was using it to profit quietly on trades of health-care stocks.
Knight Capital Group's board plans to meet on Monday to resume assessing takeover offers from Getco LLC and Virtu Financial LLC, its second gathering in five days, according to a person with knowledge of the matter.
The Securities and Exchange Commission has announced insider trading charges against a Brazilian ex-banker for his role in a scheme to illegally trade Burger King securities. The SEC previously charged a Brazilian citizen working in the Miami office of Wells Fargo with tipping him the inside information.
He's so rich and pays so much tax that every one of his 3,600 neighbours in the picturesque village overlooking Lake Zurich got a 7% tax break, but not everyone in Rüschlikon likes Ivan Glasenberg.
Few men ever master Wall Street. Jimmy Lee did.
BNP Paribas was sued for unfair dismissal by a former executive caught up in a probe of dollar-clearing operations that led to a record fine against the bank.
Imperial Capital Group, the brokerage and investment-banking firm, has hired Andrew Gold as a managing director to oversee sales and trading of emerging markets credit.