U.K. prosecutors are poised to arrest former traders and rate setters at UBS, Royal Bank of Scotland and Barclays Plc within a month for questioning over their role in the Libor scandal, a person with knowledge of the probe told Bloomberg.
UBS didn’t turn 'a blind eye' as former trader Kweku Adoboli exceeded risk limits and booked fake hedges to hide the exposure, the prosecution said.
Gleacher & Co, a small broker-dealer whose shares have plunged 43% in the past 12 months, said it is no longer pursuing short-term fixes for its low share price, prompting investor speculation that it is close to a sale.
The whistle-blower helping the U.S. government mount a $1bn fraud lawsuit against Bank of America was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two entities he claims the bank defrauded.
IRWIN LIPKIN, the former Controller of Bernard L. Madoff Investment Securities, pled guilty in Manhattan federal court to a two-count Superseding Information charging him with conspiracy to commit securities fraud, to falsify records, to make false filings with the SEC, and to falsify statements in relation to documents required, as well as a substantive count of falsifying statements in relation to documents.
Shortly before 10:00pm ET on Thursday, Twitter users began complaining of unusual photos appearing in their timelines
Jermain Defoe was the main man for Tottenham Hotspur in the Europa League as they ran out 3-1 winners at home against Maribor. Defoe scored all three goals shortly after he was left out of the England squad to play Sweden next week, why should he have been included?
Last night’s spectacular victory over Barcelona saw Celtic’s young English goalkeeper put in another stellar performance, for which he is now receiving all manner of plaudits.
Shaq Coulthirst's perfect hat trick in Barcelona took Spurs level on points with the Catalans at the top of their Next Gen group, with the U21 side out on their own at the top of their group in the U21 Premier League.
Eric, a documentary filmmaker, and Paul, a closeted lawyer, meet on a phone sex line. They end up in a relationship and move in together, only to have their relationship to crash and burn due to Paul's addiction to crack.