JPMorgan chief says virtual currency faces major regulatory hurdles
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Saturday 16 May 2009
Wall Street's main regulator, the Securities and Exchange Commission (SEC), which is fighting for survival after failing to spot the bubble in the credit markets or Bernard Madoff's record-breaking fraud, now faces an insider trading scandal to add to its woes. Two senior employees are under investigation by the FBI for allegedly using insider information to trade stocks, according to a leaked internal SEC report.
Friday 15 May 2009
Thursday 07 May 2009
Bernard Madoff, the former tycoon who admitted to one of the world's largest financial frauds, was the sort of boss who occasionally made lewd references even while zipping up his flies after a toilet break, his former secretary writes in an article to be published in Vanity Fair this week.
Wednesday 06 May 2009
Sunday 03 May 2009
Disgruntled shareholders in troubled Bramdean, "City Superwoman" Nicola Horlick's quoted investment fund, are considering approaching the Takeover Panel after news emerged that the fund has received a takeover approach.
Wednesday 22 April 2009
With the threat of partial nationalisation looming ever closer, Citigroup shareholders assembled yesterday for a furious and fractious meeting when directors, past and present, were subjected to boos, hissing and abuse.
Saturday 11 April 2009
Friday 10 April 2009
Monday 06 April 2009
Sacked workers are falling victim to investment scams which falsely promise big returns on redundancy payouts, the City regulator warns today. Millions of pounds in compensation risk being sucked into Bernie Madoff-style Ponzi schemes uncovered by the Financial Services Authority (FSA).
Wednesday 01 April 2009
US officials in Florida today seized a 56-foot sports fishing boat belonging to disgraced Wall Street financier Bernard Madoff, which was docked at a local marina, a marina employee said.
Saturday 28 March 2009
Friday 27 March 2009
The Serious Fraud Office (SFO) is investigating a massive alleged property investment fraud against several banks that has already cost Allied Irish Banks £56m.
Thursday 26 March 2009
The world's oldest person, Sakhan Dosova, a mother of 10 from Kazakhstan, celebrating her 130th birthday tomorrow, puts her longevity down to her sense of humour. "I don't have any special secret," she says, modestly. "I've never taken pills, and I've never eaten sweets." Sounds simple, doesn't it?
Thursday 19 March 2009
The accountant for Bernard Madoff has become the second person to be charged over Wall Street's biggest swindle. David Friehling faces up to 105 years in jail for criminal fraud, and his family firm, Friehling & Horowitz, also faces civil charges by the US Securities and Exchange Commission.
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more