Jerome Kerviel’s statement last week that he 'loved' Societe Generale SA (GLE) may have come too late to help him win a reduced sentence for causing the bank’s $6.1bn trading loss.
Here's the latest from our Highly Placed Professional.
Ponzi scheme mastermind Bernard L. Madoff’s brother Peter will plead guilty on June 29 to two federal charges as part of the U.S. investigation of fraud at the investment fund, prosecutors said.
Ed Miliband MP, Leader of the Labour Party, speaking to reporters in Brighton today said:
Barclays shareholders are to summon the senior independent director of the bank to urgent meetings following the record £290m fine levied by regulators for its attempts to manipulate interest rates.
There's hope yet.
A German banker was convicted Wednesday of taking an illegal payment worth $44m in connection with the sale of his firm's stake in the Formula One racing series.
Pressure is mounting on Bob Diamond, the boss of Barclays, as the Treasury prepared to make an emergency statement on events at the bank after it was hit with £290m penalties for manipulating key interest rates.
The Securities and Exchange Commission has filed fraud charges against New York-based hedge fund adviser Philip A. Falcone and his advisory firm, Harbinger Capital Partners LLC for illicit conduct that included misappropriation of client assets, market manipulation, and betraying clients.
Up to $9bn, which would put it at or near the top.
A federal judge in Dallas has upheld most of the claims in a major lawsuit against five banks accused of playing a role in Texas financier Allen Stanford's massive Ponzi scheme.
Bund buyers beware: Bill Gross is coming.
A lawyer for former Goldman Sachs Managing Director Jason Lee challenged the timing of injuries sustained by a woman who prosecutors say he assaulted at his rented Hamptons beach house.