Here's the latest from our Highly Placed Professional.
Now several firms are being sued.
Wall Street bankers could have averted the global financial crisis, so why didn't they ? In this exclusive extract from his book 'Inside Job', Charles Ferguson argues that they should be prosecuted.
Wouldn't you know it.
Bob Diamond, the Chief Executive of Barclays, knew he was facing a sceptical audience when he set 'citizenship' as one of the his four priorities on taking the helm last year.
Put yourself in the position of a US fund manager thinking of investing in Facebook at IPO stage.
The world's biggest ever game of chicken.
Deutsche Bank is further extending its physical metals capabilities by signing an agreement with Johnson Matthey plc, the global specialist chemicals company, for custody and storage of physical platinum and palladium ingots and plates for the bank and its clients.
JPMorgan's trading loss was initially put at $2bn, but some market commentators are estimating it could go as high as $7bn. And rumors are circulating that the firm could be in trouble - both reputationally and financially.
Just good friends ?
Citigroup, the world’s largest currency dealer, closed a program that provided leverage to some foreign-exchange clients without putting them through an extensive credit check.
Greece’s embattled finance minister, Yanis Varoufakis, stepped up his war of words with eurozone policymakers on Thursday, saying he wished his country still had the drachma, and would not sign up to any bailout plan that would send his country into a “death spiral”.
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.