Fabrice Tourre fraudulently misled investors in a bid to “feed Wall Street greed,” giving them “half the truth” about a sub-prime mortgage investment that ultimately went bad when the credit crunch tore through the housing market, a lawyer for the US Securities and Exchange Commission claimed yesterday in a closing argument before a New York jury.
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Market Report: Drugs do work as Shire hits new high
Friday 26 July 2013
On a day when traders' screens turned red and the market dived more than 30 points, Shire was breaking records.
RBS 'casino bank' fined £5.6m over misreporting
Thursday 25 July 2013
Pensions lose their first claim on assets when firms fail
Thursday 25 July 2013
The Supreme Court has thrown out a controversial ruling that handed pension holders priority over unsecured creditors when companies fail.
Abe’s ‘shock and awe’ tactics win approval
Tuesday 23 July 2013
Japan’s Prime Minister, Shinzo Abe, has won fresh backing at the ballot box for his “shock and awe” strategy to revive the economy, sending Asian shares higher.
Anthony Hilton: These numbers don’t add up to a recession
Saturday 20 July 2013
The unemployment figures came out on Thursday and showed a better-than-expected improvement, with the rate now the lowest since December 2010.
Oh my Lord! Peer says he uses DVLA 'friends' to track down motorists who drop litter
Friday 19 July 2013
Agency asks Lord Selsdon for further information about his Westminster statement
Bumi battle nears end with $501m deal
Friday 19 July 2013
The long-running saga of separating the battle-bruised miner Bumi from Indonesia’s powerful Bakrie family could finally be coming to an end after the parties announced a potentially decisive $501m (£330m) deal yesterday.
Barclays to pay new finance boss Tushar Morzaria more than £6m a year
Wednesday 17 July 2013
Right-hand man from JPMorgan in line for bumper package as he replaces old guard
Crisis? What crisis? Bonuses soar at Goldman as profits leap
Tuesday 16 July 2013
Bankers’ pay at Goldman Sachs jumped more than 25 per cent for the last three months, meaning the average employee earned £77,200 in the quarter.
Goldman Sachs profits beat Wall Street estimates to more than double to $1.93bn
Tuesday 16 July 2013
Goldman Sachs has beaten Wall Street estimates by doubling its quarterly profit through investing its own money and underwriting.
Britain leads Europe for the most fat-cat bankers
Monday 15 July 2013
Britain has three times as many highly paid bankers than the rest of Europe put together, according to new figures likely to reopen the dispute over City pay.
Vince Cable unveils Lib Dems proposal to build up to 25,000 homes but accuses Tories of blocking plans
Saturday 13 July 2013
Business Secretary blames Tories for lack of council houses being built
Jim Armitage: Yes, things are looking up, but there's still a long way to go
Saturday 13 July 2013
Icap in a tumble despite big leap in bond trading on Fed's move
Thursday 11 July 2013
A huge surge in bond trading after the United States Federal Reserve shook markets with plans to slow its money-printing programme failed to save broking giant Icap from a City sell-off yesterday.
- 1 Is the Muslim call to prayer really such a menace?
- 2 Channel 4 to 'provoke' viewers who associate Islam with terrorism with live call to prayer during Ramadan
- 3 US army doctor returns arm to Vietnamese soldier fifty years after he took it as a souvenir
- 4 Police seize possessions of rough sleepers in crackdown on homelessness
- 5 Demand for food banks has nothing to do with benefits squeeze, says Work minister Lord Freud
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