Bernie Madoff got 150 years in clink for his $65bn Ponzi scheme. In China, financial felons don't get off so lightly.
Russian trader George Urumov, accused by a British-based subsidiary of one of Russia's largest financial groups of fraud totalling $183m, denied participating in false trades and paying bribes to colleagues in London's High court on Monday.
U.K. bankers earning more than 1 million euros ($1.3 million) in 2010 and 2011 outnumbered all of their counterparts in the rest of the European Union put together, a new report showed, although the average pay of U.K. bankers fell.
UBS Chairman Axel Weber said the bank is 'on the right path' with its plan to reduce debt trading and focus on wealth management to boost profitability.
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Goldman Sachs Group quarterly profit doubled as the bank made more money trading bonds before an interest-rate spike hit markets in June.
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A big hire for Barclays.
The Manhattan judge hearing the Fabrice Tourre securities-fraud trial urged lawyers to 'have a heart' and not assume jurors speak Wall Street.
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