The Securities and Exchange Commission has sounded a warning to Wall Street and corporate America, taking aim at a hedge fund not only for improper trading - but for punishing the employee who blew the whistle on the wrongdoing.
Irene Dorner, the banker HSBC sent to the US to apologise for mistakes that led to a £1.2bn fine for laundering money, is retiring from Britain's biggest bank after 32 years.
Written by Michelle Chance, employment partner at Kingsley Napley LLP, and co-founder of the Association of Professional Working Parents (APWP).
His case was called 'ridiculous' and 'bulls---' during a hearing.
It's not all bad news.
The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country's products.
BNP Paribas has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations.
A unit of Credit Suisse was fined by the U.K. markets regulator for promoting a product that garnered $1.35bn in investments and had about a 0% chance of reaching its maximum return.
Greenpeace has fired an employee after it group discovered he lost some 3.8 million euros ($5.15 million) in a bet on international currency markets.
The U.S. Justice Department has asked Citigroup for more than $10bn to settle a probe into the lender’s sale of mortgage-backed bonds before the 2008 financial crisis, a person familiar with the negotiations said.
Shell has warned that its fourth-quarter profits may be 50% lower than last time with full year write-offs as high as $7bn (£5bn), underlining the damage being wreaked on the industry by low crude prices.
Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, is seeking more than 40 traders and analysts as it expands its London office.
Deutsche Bank’s Dario Schiraldi and James Dilworth are leaving the lender after co-Chief Executive Officer John Cryan broke up the firm’s asset and wealth management businesses, according to a person with knowledge of the matter.