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Top Firm Described As 'Making Out Like Bandits'

Bloomberg reports that Saul Burian, an MD in the financial restructuring group at investment bank Houlihan Lokey, told a US bankruptcy court that he had discussions with executives at Lehman Holdings about whether they should sue Barclays over the sale of Lehman's broker / dealer business in September 2008.

Goldman Said To Be In Settlement Talks

The Wall Street Journal reports that, according to unnamed 'people familiar with the situation', Goldman Sachs and US regulator The Securities and Exchange Commission have started talks in the last few days with a view to trying to reach a settlement regarding those civil fraud charges. At the moment, however, the two parties are thought be be fairly far apart.

The Search Continues For Possible $16bn 'Fat Finger' Trader

Unhappy Trader

It's was simply the most dramatic few minutes in equities trading ever. Market professionals with decades of experienced were transfixed, as the Dow Jones Industrial Average fell almost 1000 points and recovered around 700 in just a matter of minutes during late afternoon trading Thursday.