Preet Bharara, the United States Attorney for the Southern District of New York, announced today that MICHAEL KATZ and CHRISTOPHER FARDELLA, two former hedge fund managers, were each sentenced to three years in prison for their roles in defrauding investors out of nearly $1m.
An opportunity missed - at huge cost.
What’s your "bacon number ?" No, not how many slices you’ve eaten today. It’s a new tool Google rolled out to end bar fights everywhere by figuring out how many degrees of separation someone is from - yep, you guessed it - Kevin Bacon.
City workers still take home the biggest bonuses of any employees in the UK, despite a 9% drop in incentive pay in the sector last year.
The Financial Services Authority demanded more "openness" from Bob Diamond when it approved his appointment as chief executive of Barclays in September 2010.
Bloomberg's Angie Lau reports on air pollution in Hong Kong and the steps concerned citizens are taking to stop it.
"If this were London, there would be a circle of young bankers standing outside here, ties off, pints of beer in their hands, smoking, sweating, shouting, joking. But look around you …"
A guy gets hit by a flying mattress near Wall Street, which appears to have come off a roof terrace over 30 floors up.
Bank of America Corp's online banking site suffered intermittent problems on Tuesday amid threats on the Internet that a group was planning to launch cyber attacks on the bank and other U.S. targets to protest a film that has stirred unrest in the Middle East.
An £11.5m pay packet for the chief executive of Lloyds Banking Group was waved through by shareholders in the bailed-out bank at an annual meeting punctuated by outbursts from disgruntled customers and concern over the £12bn cost of the PPI scandal.
BP has hired the former head of MI6 as it seeks to capitalise on his top-level diplomatic experience while dealing with some of the toughest political environments around the world.
The average cost of a home in London is on course to breach the £1m level by 2030 as house building struggles to keep pace with a rapidly rising population, a leading consultancy is predicting.