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.
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Wednesday 30 January 2013
The troubled insurance group Phoenix restructured its debt in a move that could finally pave the way for it to lift dividend payments to shareholders.
Wednesday 23 January 2013
Davos Outlook Some things at Davos never change. The snow is heaped in thick slices on the gabled roofs. Audis with tinted windows prowl up and down the Promenade. Delegates are given goody bags filled with useless tat. And Jamie Dimon, the boss of JP Morgan, stands up, belligerently, for the banks.
Lithuanian prosecutors open investigation into multi-million dollar tax fraud by Russian organised crime group
Monday 21 January 2013
Prosecutors in Lithuania have opened an investigation into a multi-million dollar tax fraud carried out by a Russian organised crime group which used the Baltic nation’s banks to launder some of their money.
Tuesday 15 January 2013
Moore Capital Management, one of the world's most famous hedge funds, has suffered its first key London departure since the retirement of star financier Greg Coffey last year.
Wednesday 09 January 2013
David Harding, the Cambridge physicist turned super-computer trader, has some explaining to do to his extremely wealthy clients after recording a rare plunge in the value of his fund.
Tuesday 08 January 2013
Saturday 15 December 2012
The man behind failed hedge fund Weavering Capital has been charged with fraud, forgery and false accounting in the lead-up to the company's collapse in 2009.
Tuesday 11 December 2012
The beleaguered boss of the world's biggest listed hedge fund yesterday bowed to pressure and quit with a pay-off worth at least $925,000 (£576,000).
Tuesday 11 December 2012
Thursday 29 November 2012
First his man loses the election, then a former employee faces insider trading claims
Monday 26 November 2012
The Sunday Times
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
Anachronistic and iniquitous, grammar schools are a blot on the British education system
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile