The efforts of lawyers acting for Goldman Sachs CDO salesperson Fabrice 'Fabulous Fab' Tourre to kick out civil fraud charges against him filed by US regulator the US Securities and Exchange Commission (SEC) has failed.
Former Credit Suisse broker Julian Tzolov, who pleaded guilty in 2009 to three counts of securities fraud and other offences in relation to the sale of auction rate securities, has now been sentenced to a total of four years in prison - two years for time-served, plus an additional two years.
Goldman Sachs has been through almost 2 years of negative press, been villified by lawmakers and pushed, probed and penalized by regulators. But there have been signs this week that things have finally turned the corner.
Bruce Berkowitz, co-founder of Fairholme Capital Management LLC and chairman of St. Joe Co., discusses the outlook for the banking industry and investment strategy.
CFTC Chair Gary Gensler addressed the Sandler O’Neill Global Exchange and Brokerage Conference earlier this week on the subject of the financial crisis and regulation.
Here's the latest Thomson Reuters 'Investment Banking Weekly Scorecard'.
As news filters across the wires that Royal Bank of Scotland is thought to be on the verge of axing 200 investment banking jobs, market professionals are coming to realise that the impending round of job cuts is very different in nature to the usual downsizing that occurs when the economy hits a temporary bad patch.
Can't be you, surely ? You ? Overpaid ? Can't be anyone at your firm, no ?
Here's a quick look at how vulnerable you are should a downsizing initiative occur in your firm in the next few weeks.
Thomson Reuters has announced the results of the 38th annual Thomson Reuters Extel Survey.
Willie Walsh, the boss of British Airways’ parent company IAG, was paid £6.4m in 2014, an increase of almost 30% on the previous year.
HSBC's top two bosses will be held responsible for transforming it into a simpler institution, Bank of England Deputy Governor Andrew Bailey said on Wednesday, as the bank tries to clean up after a Swiss tax scandal.
Royal Bank of Scotland has yet to decide how many jobs it will cut at its investment bank after announcing a major downsizing of the business last week, its CEO Ross McEwan said on earlier this week.