Sad to report.
A former Bank of America derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7tril municipal bond market.
Not a bad morning.
A former London-based Credit Suisse trader was spared prison on Tuesday over his role in artificially inflating subprime mortgage bond prices, in one of the few U.S. criminal prosecutions stemming from the financial crisis.
A former UBS trader who became a cooperating witness in the U.S. government's sweeping probe of bid-rigging in the $3.7tril municipal bond market was sentenced to time served on Thursday.
A Morgan Stanley broker and a law firm employee were charged with insider trading in a scheme that included passing tips on notes and napkins that a middleman swallowed under the big clock in Grand Central Terminal.
Societe Generale had turned the page on Jerome Kerviel’s record trading fraud. Until yesterday.
Declared dead at the scene.
Financial markets may be more vulnerable to traders' stress levels than previously thought, according to a scientific study which found that high levels of the stress hormone cortisol can induce risk aversion.
The Bank of America manager who fired Sunny Tadjudin 'hypocritically' used the pretext she failed to share information, her lawyer said on the last day of a trial over her claim for bonuses of $3.7m.