Now here's something juicy for all those hedge fund insider trading news junkies out there.
UBS is to cut around 500 IT jobs worldwide in order to save 'double-digit millions' of dollars-a-year.
By Bill Rhodes
by Jake Bernstein and Jesse Eisinger, ProPublica
The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) have announced that Morgan Keegan & Company and Morgan Asset Management have agreed to pay $200m to settle fraud charges related to subprime mortgage-backed securities.
It doesn't matter that US investigators probably had to look through millions of e-mails to unearth something that they could construe as possible wrongdoing, but it looks like they trawled the sent boxes of JPMorgan staff in order to get the settlement to a CDO probe they clearly sought.
Every cloud has a silver lining.
Here's Thomson Reuters Q2 'Preliminary Mergers & Acquisitions Review'.
The U.S. Food and Drug Administration (FDA) this week unveiled the nine graphic health warnings required to appear on every pack of cigarettes sold in the United States and in every cigarette advertisement.
Times have been a bit tougher over at Macquarie over the last couple of years. The firm that did so well it became known as the 'Millionaires Factory' has lost a bit of its lustre - and a few of its staff, who have shipped out to rivals.
French bank BNP Paribas has reported a sharp decline in full-year net profit on Thursday, of 157 million euros ($178 million) in 2014 - down 96.7 percent on the previous year - on the back of penalties.
A British watchdog has launched an investigation into the way Tesco deals with suppliers, further highlighting the struggles faced by the retailer after allegations of accounting irregularities emerged earlier this year.
Starbucks has made a small profit in the UK for the first time since the world’s biggest coffee bar chain brewed its first drink in Britain 17 years ago.