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Bossses can snoop on private chats / emails

Email Simon Stratford

Bosses can snoop on workers’ e-mails including personal messages with loved ones during working hours, the European Court of Human Rights ruled in a case brought by a Romanian man fired after his employer spied on his private Yahoo! chats.

UBS to take on Goldman

Boxing Gloves

UBS’s plan for an unprecedented expansion in China is turning up the heat on Goldman Sachs, the only global securities firm that can fully compete with it on the mainland.

Sound & Vision - Bowie broke the mould in asset securitization

David Bowie

The man behind “The Man Who Sold the World” was the first recording artist to go to Wall Street to tap the future earnings of his music, paving the way for a thriving market for esoteric securities backed by everything from racehorse stud rights to commercial washing machines.



Dog Detective

JPMorgan fined for regulatory breaches and / or internal control failings

The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Broking (Hong Kong) Limited (JPMBHK), J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and J.P. Morgan Securities (Far East) Limited (JPMSFE) (collectively “JP Morgan”), and fined them $15m, $12m and $3m respectively for various regulatory breaches and/or internal control failings.


High-Yield funds go through challenging times

Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900m it has under management to investors next month, according to a statement Monday from the company.

Moscow Traffic

Deutsche Bank pays token fines over Russian mirror trades

Russia’s central bank fined Deutsche Bank less than $5,000 for compliance failures in a probe into alleged trading violations, said people with knowledge of the matter, after the Russian regulator audited transactions at the bank’s Moscow office that are under broader scrutiny by U.K. regulators and U.S. prosecutors.