 "We're willing to pay $600 million because we have a business to run and don't want this hanging over our heads with litigation that could last for years." |
If you're wondering why a few very large banks in the United States play such a big role in the commodities markets, you aren't alone. Continue to article |
Former Rep. Barney Frank on Monday dismissed calls to bring back the Glass-Steagall Act of 1933, which divided commercial and investment banking, arguing that it doesn't regulate derivatives trading or prevent risky loans and mortgages. Continue to article |
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 The European Union's top banking regulator will reveal data on the sovereign debt and types of capital held by the bloc's biggest lenders as it forgoes a stress test for a second year. |
When the Securities and Exchange Commission accused Steve Cohen of failing to reasonably supervise employees at his hedge fund who the government says engaged in insider trading, a spokesman for SAC Capital said the charge has "no merit." Continue to article |
Rajat Gupta, the former head of McKinsey & Co. convicted of insider trading last year, received a $13.9 million fine for confidential tips he passed on to Raj Rajaratnam, the ringleader of a massive insider trading conspiracy. Continue to article |
 When he left his role as Wall Street's top federal enforcer, Robert S. Khuzami began a long courtship with a who's who of the legal world. |
 An ex-colleague of Fabrice Tourre heaped praise on the former Goldman Sachs Group Inc. vice president, saying she was "very impressed" with his detailed knowledge of the complicated mortgage-backed investments he created and sold. |
 Rules and regulations of the day. |
 The Federal Reserve should toughen oversight of big banks such as Goldman Sachs and JPMorgan Chase due to their negative influence over commodities, including the aluminum in beer cans, brewer MillerCoors will urge on Tuesday. |
 The SEC alleges that Trendon T. Shavers, the founder and operator of Bitcoin Savings and Trust (BTCST), offered and sold Bitcoin-denominated investments, raising at least 700,000 Btc, or about $4.5 million at the time of the alleged take. |
 An investment banker and husband of a powerful Manhattan real-estate broker - who was distraught over an ongoing battle with his co-op board involving the family's three dogs - jumped out the window of his seventh-floor Upper East Side apartment yesterday. |
Forget Gordon Gekko. Old-style City traders are being replaced by maths geniuses who use super-computers to beat the markets. But are 'quants' a force for good or evil? Continue to article |
 John Paulson misplaced some. Mark Zuckerberg and the Blankfein family did, too. |
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