Richard Desmond is suing Credit Suisse claiming the investment bank mis-sold him a £50m derivatives product that was 'incomprehensible' and risky.
Monday marks a significant anniversary in recent economic history for it was on this day in 1982 that Mexico announced a moratorium on its international debts. The default marked the start of what became known as the third world debt crisis.
A jailed banker, a little black book and 2012 bonus news (what more could you ask for!).
CDR Financial Products took payments from UBS’s municipal derivatives group for work CDR never performed 10 to 15 times in return for rigging municipal bond bids, a former CDR senior vice president told jurors in Manhattan federal court Thursday.
By Bloomberg columnist Jonathan Weil
The Securities and Exchange Commission has announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80m Ponzi scheme that included other college coaches and former players among its victims.
ICAP, the world’s leading interdealer broker and provider of post trade risk and information services, has announced an internal reorganisation which will for the first time create a single, global voice broking division to reflect the changing nature of its business and serve customers more effectively.
Following on from Bradley Wiggins’s phenomenal success this summer, a team of cyclists from London took on three stages of the Tour De France in a gruelling challenge through the Alps, raising £300,000 for charity Friendship Works, based in Camden.
US Private Equity-backed M&A Up 8%
Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse.
Goldman Sachs got a disconcerting update a year after buying its second coal mine in Colombia: 'Certain operational issues have arisen, commodities executives reported'.
Private Banker International (PBI) has announced the finalists for the annual Private Banker International Awards: London 2015.
Barclays is entitled to $4bn in assets stemming from the Lehman Brothers collapse, as the U.S. Supreme Court rejected an appeal from the bankruptcy trustee for the firm’s brokerage business.