Is Insider Trading Part of the Fabric on Wall Street? – NYTimes.com
The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide. Continue reading →
View ArticleBBC News – Barclays fined for attempts to manipulate Libor rates
Barclays Bank pays £290m in penalties and boss Bob Diamond gives up his bonus after it tried to manipulate the interest rates at which banks lend to each other. Continue reading →
View ArticleBarclays Libor Fine Sends Stocks Lower as Probes Widen – Bloomberg
Barclays Plc’s record $451 million fines for interest rate manipulation sent bank shares plunging as U.S. and U.K. authorities pursue sanctions in a global investigation of more than a dozen lenders....
View ArticleCasual e-mails tell chilling story of market fixes – Yahoo! News
From Yahoo! News: The e-mails sound casual: Dude reaching out to dude, begging for favors and offering rewards ranging from coffee to fine champagne. Continue reading →
View ArticleAnother Domino Falls in the LIBOR Banking Scam: Royal Bank of Scotland – Matt...
Another one bites the dust. The Royal Bank of Scotland is about to be fined 233 million 150 million pounds for its role in the Libor-rigging scandal. Continue reading →
View ArticleIs the LIBOR Scandal the Crime of the Century? – Business – TIME.com
The latest interest-rate-fixing LIBOR scandal is being heralded as the most egregious in a generation Continue reading →
View ArticleHow Wall Street Lawyer Turned Insider Trader Eluded FBI – Bloomberg
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that...
View ArticleUBS trader ‘risked the very existence of the bank’, court told – UK news
Kweku Adoboli ran up potential losses of £7bn at one point and lied to bosses in attempt to increase bonus, prosecutor alleges Continue reading →
View Article$2.3 Billion Adoboli Loss Pushed UBS to Retreat, Cut 10,000 Jobs
Fourteen months after the largest loss from unauthorized trading in British history, UBS AG (UBSN) is accelerating a retreat from risk taking. Continue reading →
View ArticleUBS faces $1 billion fine for Libor rigging: source
LONDON (Reuters) - Swiss bank UBS is expected to pay about $1 billion to settle charges of rigging the Libor interest rate benchmark, according to a person familiar with the situation, Continue reading →
View ArticleUBS Libor fine hits $1.5B after traders bribed brokers to fix rate – FP...
Swiss bank's huge penalty for rigging global interest rates expands the scandal to include bribery and highlights the influence of the mysterious Trader A in Tokyo who colluded with other banks...
View ArticleBankster Justice Very Much Delayed
After years of tip-toeing around the too-big-to-fail banks – despite their key role in devastating the world’s economy – the U.S. government has fina... Continue reading →
View ArticleLibor Lies Revealed in Rigging of $300 Trillion Benchmark
The inside story of how bankers lied, cheated and colluded to rig Libor, the world's most important interest rate. Continue reading →
View ArticleMeet the Most Indebted Man in the World – Matthew O’Brien
Former Société Générale rogue trader Jérôme Kerviel doesn't always lose money, but when he does he loses more than $6 billion. Continue reading →
View ArticleWe Asked Dumpster Divers About a Plan to Sell Expired Food
If you've ever worked in a US supermarket you may be psychologically unable to comprehend the concept of a global hunger problem. Perfectly good food is thrown away constantly for silly reasons, like...
View ArticleModafinil Is Wall Street’s New Drug of Choice – New York Magazine
Modafinil’s moment. Continue reading →
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