America’s Securities and Exchange Commission has taken former Goldman Sachs London banker Fabrice 'Fabulous' Tourre to court demanding $1.1 million (£674,000) in fines and other penalties for his role in a failed mortgage-backed securities deal which cost investors $1 billion.
Like this page on Facebook for updates
Wednesday 11 December 2013
Nearly four years after President Obama first proposed curbs to rein in the risky bets on Wall Street, US regulators have finally ratified a strict new regime aimed at stopping banks from making speculative trades that could cause another meltdown.
Thursday 05 December 2013
Sunday 01 December 2013
Around 10 years ago, I opened an account with the Co-operative Bank. I was attracted by its policy of not lending money at excessive rates of interest to the very poor and staying out of the way of arms deals and the like. It seemed by far the best of a bad bunch in the sense that it appeared to have morals. At around the same time, in a feeble anti-capitalist campaign, I joined the Phone Co-operative and an energy supplier called Ecotricity, which apparently supplies its power via windmills.
Thursday 28 November 2013
The Co-operative Bank has admitted for the first time it is losing customers after a series of scandals including alleged drug-taking by former chairman Paul Flowers.
Friday 15 November 2013
Wednesday 13 November 2013
A measure in George Osborne’s 2013 Budget which made no headlines outside the financial pages was the abolition of stamp duty reserve tax on UK-domiciled asset management funds. That may not sound like an attention grabber, but it was manna for Britain’s hedge-fund bosses, who by the Government’s estimate saw £145m drop off their companies’ collective annual tax bill.
Saturday 09 November 2013
A group of the City’s best-known corporate advisers has been summoned to appear before a committee of MPs to discuss the price at which Royal Mail was floated on the London Stock Exchange last month.
Wednesday 09 October 2013
An Early Day Motion has been tabled in Parliament calling on the Coalition to review its decision
Monday 30 September 2013
The activist investor fund chaired by Lord Myners, the former minister for UK financial services, is reported to be pushing G4S to break itself up.
Wednesday 25 September 2013
The Bank of England’s risk-watchers put hedgies in the spotlight today as potentially vulnerable to rising market interest rates.
Wednesday 07 August 2013
L&G upbeat over £15bn investment
- 1 Sun will 'flip upside down' within weeks, says Nasa
- 2 Christmas comes early: Justin Bieber is 'retiring from music'
- 3 Iain Duncan Smith leaves Commons food banks debate early
- 4 Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
- 5 Burglar steals video tapes of child abuse, hands them into police