A consultant and former intern at Doug Whitman’s hedge fund testified an insider-trading trial that he shared inside information with his ex-boss, who he said was a mentor and a friend.
It's a done deal.
Standard Chartered is in talks with multiple law-enforcement officials, including New York's banking regulator, to resolve a probe into improper Iranian money transactions by the British bank, according to people familiar with the situation.
Sir David Walker, the septuagenarian charged with rebuilding Barclays' reputation in the wake of the Libor scandal, says finding a new chief executive is his number one priority, though a rewrite of the bank's pay policy is also on the cards.
Liu Bolin is a Chinese artist known for taking photographs of himself, painted in order to blend in with the background. We want to lighten the mood a bit today so we've republished these.
At mid-morning a text message interrupted Peter Sands on his Canadian holiday. The boss of Standard Chartered had just begun his summer break and was relaxing after presenting yet another set of record half-year profits to the City.
The first 15 images we published earlier this year were so well received, we thought we'd give you some more of human chameleon Liu Bolin. We also want to lighten the mood a bit today.
Although it is too early to make a final assessment of the total economic impact of the London Olympics, it is clear that they have been a great reputational boost for the UK.
Sir Mervyn King, governor of the Bank of England, warned that the impact of the Olympics may not be long-lasting on the economy as he said there were lessons for the banking sector from the "fair play" of the games.
Prudential boss Tidjane Thiam indicated on Friday that the company would remain based in the UK despite fears that it might relocate to Asia because of new capital rules for European insurers.
Three former UBS executives last week lost a bid to reverse their 2012 convictions for conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds.
For a former boxer, HSBC boss Stuart Gulliver does seem to have a lot of trouble hitting targets.
Saudi Arabia has bulldozed fellow members of the Opec oil cartel to hold production levels at the current level, ensuring lower crude and petrol prices should continue for the foreseeable future.