Now here's the thing.
31-year old Kweku Adoboli, the trader at the center of the UBS $2.3bn unauthorised trading affair, was back in court in London Thursday, and further details emerged about how things played out in the days / hours before his arrest by police last month.
Here's the latest Thomson Reuters 'Investment Banking Weekly Scorecard'.
Here's 11 white collar criminals and their big fat jail times.
After Wall Street firms have posted their worst quarter (Q3) since the beginning of the financial crisis, we have a quick look on how this has impacted comp figures at three of the industry's top firms.
The only growth area in the financial markets at the moment - cost-cutting.
Kweku Adoboli, the UBS trader at the center of that $2.3bn unauthorized trading debacle, appeared at City of London magistrates court Thursday, only to have his case transferred to Southwark Crown Court.
How did Wall Street have a good idea that Morgan Stanley would post solid third-quarter earnings while its arch rival Goldman Sachs would post only its second quarterly loss since becoming a public company ?
Incoming Royal Bank of Scotland Chairman Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of Britain's banking system.
A former senior tax official has expressed 'surprise' that just one person has been prosecuted in the UK over alleged tax evasion by clients of HSBC's Swiss banking division.
Within the emerging world of diverging growth dynamics and monetary policies, Credit Suisse retain our regional preference for Asian equities and bonds.