At least one firm says it has its risk management unit operating as it should.
It always happens. When a bank racks up losses of any kind, fingers soon begin to point every time it becomes known that the firm is spending money entertaining either staff or clients.
And the hits just keep on coming.
New York - Zvi Goffer, the former Galleon Group trader known as 'Octopussy' for his sprawling connections to an insider network, has been sentenced to 10 years in prison for insider trading
Washington, D.C. - The Securities and Exchange Commission has charged a former Goldman, Sachs employee and his father with insider trading on confidential information about Goldman’s trading strategies and intentions that he learned while working on the firm’s exchange-traded funds (ETF) desk.
Here's a chance to do some good.
Here are a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories currently doing the rounds.
The US Federal Reserve has announced "Operation Twist" – a $400bn plan aimed at kickstarting the beleaguered US economy.
Although there probably won't be a whole lot of dancin'.
Here's a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories that are doing the rounds.
Federal Reserve officials are increasingly at odds over how “patient” they should be with record-low interest rates, according to the minutes of the central bankers’ latest meeting.
Who are the top firms with the youngest Managing Directors ?
David Cameron has hailed news that Britain’s employment rate is at the joint highest level since records began in 1971 as evidence that the economy is strengthening.