Here's an interesting story doing the rounds in the US.
Here's the latest on Amaranth and other hedge fund news.
Bloomberg reports that former Enron chief finance officer Andrew Fastow got banged up for 6 years earlier this week, and then filed a declaration in an investor securities fraud case which heaped some of the blame for Enron's demise on the company's bankers.
Financial News reports that Aberdeen Asset Management has confirmed that funds under management fell almost 4% in the 5 months to the end of August due to turbulent market conditions.
As the media (including us) tended to feature only the more frivolous suggestions Brady Dougan, the head of Credit Suisse's investment banking division, made in his recent memo to staff on the subject of cost-cutting, we thought it only fair to put the memo in context. Here's the full text..
Constitutional Affairs Minister Harriet Harman hit out at City bonuses Monday, describing the size of some of them as 'sick'.
Another day, another botched trade. And in Japan (again) too. Japan's Financial Services Authority reckons that there were around 14,000 of them in 2005 (not all of which, of course, cost an arm and a leg).
Bernie Ebbers, the one-time CEO of WordCom, heads off to a federal prison today and will begin his 25-year sentence for engineering the largest fraud in US corporate history, which evenually led to the $11bn collapse of the company.
Well, former Enron chief financial officer Andrew Fastow, the man who many feel was the evil mastermind behind the dirty dealings which caused the demise of Enron, is due to be sentenced in Houston later today.
Here's mergermarket's preliminary league table of the Top 20 European legal advisers for the third-quarter.
Apple has become the most valuable company of all time, surpassing a record set by Microsoft in 1999.
Financial firms in London, besieged by Europe’s sovereign-debt crisis, probably will shrink their workforce this year, snapping a hiring rebound from 2008’s credit crisis as New York’s industry ekes out job growth.
JPMorgan board member Lee Raymond is said to have been tapped on the shoulder to lead the board's probe into the firm's $5.8bn 'London Whale' trading fiasco.