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S&P May Face Action Over CDO Ratings

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US regulators have warned credit rating agency Standard & Poor's they are considering taking action over its rating of mortgage-backed investments ahead of the 2008 financial meltdown.

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Former City trader jailed for insider dealing

A former City trader was sentenced to 19 months in prison on Thursday for his part in an insider trading scam involving multiple mobile phones, clandestine meetings in City pubs and payment for a luxury car and holiday.

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Lord Green: I was not 'asleep at wheel' at HSBC

Lord Green, the man who headed HSBC during the period when its Swiss bank helped wealthy customers dodge millions in tax, said he was “plainly not” asleep at the wheel in fresh extracts from his first public comments since the scandal broke.