Last spring the City of London was rife with rumours about a trader at the vast JP Morgan investment bank who was making such huge bets on the highly complex – and deeply risky – derivatives markets that he was known as "the London Whale" or "Voldemort".
The Googleplex keeps getting more interesting.
Standard & Poor's has just released a very interesting report with a pointed warning to all the stock exchanges in the U.S.: exchanges that have significantly more technical problems than others could lose market share as investors lose confidence in the exchange.
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The Securities and Exchange Commission has charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.
Sir Richard Lambert, the former Financial Times editor and ex-director general of the Confederation of British Industry, is to chair a new professional body aimed at raising standards in the scandal-hit banking industry.
Adil Rami, linked with both Arsenal and Manchester City, endured a night to forget against Swansea City.
Manchester United loanee Bebe featured in the Europa League against Fiorentina last night.
It’s fair to say that the Redskins 2012 season was effectively ended when Quarterbacking sensation Robert Griffin III suffered a knee injury in Washington’s week 14 win over Baltimore in ‘the battle of the beltway’, and then re-aggravated it in the play-off loss to Seattle.
Burnley striker Danny Ings has emerged as a surprise transfer target for Newcastle United.