Here's something sent in by one of our readers.
41-year-old former Goldman IT programmer Sergey Aleynikov received an eight year one month prison sentence Friday, after being found guilty in December of stealing trade secrets from the Wall Street firm.
No wonder Warren Buffett joked that he wouldn't be answering the phone should Goldman Sachs CEO Lloyd Blankfein call him.
The Guardian reports that Barclays' plan to pay executives and senior staff bonus awards in 'cocos' (contingent convertible bonds) has hit a snag, as institutional shareholders are said to have expressed concerns that the structure could end up being lucrative for the bankers, but cost investors too much money.
By Lois Beckett, Special to ProPublica
With banks and other financial markets firms in the news more often than not for the wrong reasons these days, the unfolding disaster in Japan brings an opportunity for companies to underline that they really have learned about giving back to society.
OK, we've used this headline before, and technically Goldman hasn't 'fired' anyone (at least not for doing anything wrong), but the company has undertaken its usual firmwide review of its bottom quartile, and 5% of staff (around 1,800) are expected to soon be leaving.
Here's a clever ATM / cashpoint scam, which has got quite a few people in the US.
Here are three interesting Bloomberg stories.
The Telegraph reports that The Royal Bank of Scotland (RBS) paid out an average of $1.87m to its 323 'code staff' for their work in 2010.
The chief executive of Royal Bank of Scotland (RBS) has said he will hand back £1m of his annual pay package.
On a normal balance sheet, there’s a profit and loss account.
JPMorgan, the world’s biggest investment bank, lowered its target for returns at that business and plans to cut $2.8bn in costs because higher capital requirements are crimping profit.