Cutting right to the chase.
An alleged lapse in risk controls on a series of trades said to be worth hundreds of millions of dollars.
Banking 'outcasts' fight back.
In play ?
A former trader at UBS asked a broker at RP Martin Holdings for help moving Libor because he’d 'heard you knew magic'.
Sanford I. Weill, a Wall Street billionaire, and his wife, Joan, have decided not to donate $20m to a struggling northern New York college after a judge ruled that it could not be renamed for Mrs. Weill, college officials said on Thursday.
Twelve months have passed since the nerve-shredding "flash crash" in US Treasurys and the financial industry is pushing though initiatives aimed at improving stability and liquidity in global fixed income markets.
'Accelerating the next phase of our transformation program to create cost efficiencies'.
Credit Suisse, the bank that unveiled a major shift in strategy last week to focus on wealth management over investment banking, plans to make acquisitions and invest about $400m in Switzerland in the next few years, CEO Tidjane Thiam and Chairman Urs Rohner said in interviews with local media.