Germany’s Deutsche Bank has been fined a record $2.5bn (£1.7bn) for rigging Libor, a benchmark rate that some of the world’s leading banks charge each other for short-term loans.
Barclays shareholders have called on the bank’s new chairman, John McFarlane, to live up to his fearsome reputation by carrying out a ruthless overhaul.
What mild-mannered manipulators they were at Deutsche Bank.
Barclays was the first bank to be fined in June 2012 when it received penalties of £290m - including a record £59.5m by the UK regulators.
Distributed denial of service attacks (DDoS) are a growing threat to businesses, as criminals can be hired online by the hour to disrupt websites.
The $1.5 billion Janus Global Unconstrained Bond Fund, managed by Bill Gross , saw inflows of $100 million in the most recent quarter, Janus Capital Group CEO Dick Weil said Thursday.
The Nasdaq index reached a record high on Thursday, topping a record set 15 years ago during the height of the dotcom tech bubble.
No-one is laughing now.
Headcount is increasing at an incredible pace.
Everyone has an office nemesis.
The pressure on banks to squeeze every possible pound from their businesses has forced some firms to downsize their offices, in some cases requiring staff to share desks to make the most of their space.
Garret Jankowski, a former loans trader at Credit Suisse, joined broker-dealer Bay Crest Partners this month.