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The Fed fines and bans former Barclays FX head

Barclays ATMs

The Federal Reserve Board on Friday announced that it has imposed a $1.2 million fine and a permanent ban on employment in the banking industry against Christopher Ashton, the former Global Head of Foreign Exchange (FX) Spot Trading at Barclays Bank, in connection with the manipulation of FX pricing benchmarks.


Jon Corzine

NYTimes - Jon Corzine on comeback trail

It has been years since the last major high note in Jon Corzine’s career. In 2011, he faced the ignominy that came with the collapse of the brokerage firm he ran, MF Global, when about $1 billion of customer money temporarily went missing. It ranked as one of the largest Wall Street bankruptcies since Lehman Brothers’.