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Gupta Trial Provides Insight Into Goldman

Clapper Board - Christian Wagner

Bloomberg reports that at Raj Rajaratnam’s insider-trading trial a year ago, Goldman CEO Lloyd Blankfein told jurors he makes unscheduled calls to the bank’s board members at times of market 'uncertainty'.

FSA Bans and Fines Hedge Fund CEO £3m

FSA Logo

The Financial Services Authority (FSA) has published a decision notice indicating that it has decided to fine Alberto Micalizzi £3m and ban him from performing any role in regulated financial services for not being fit and proper.



Justice Scales

BNP Paribas wins reprieve

BNP Paribas won a government waiver that lets affiliates continue to operate as asset managers in the U.S., something that was in doubt after the bank admitted violating American sanctions on nations such as Iran.