Media reports are emerging that the head of carbon trading for Barclays bank has resigned in the aftermath of the EU’s rejection of a backloading scheme that would have revived the cap-and-trade market.
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A Chinese businessman indicted in the United States over sales of missile parts to Iran is still making millions of dollars from the trade, say security officials who monitor compliance with Western and U.N. sanctions.
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Anatoly Isaikin, the director of Rosoboronexport, said Russia sees no need to stop its arms trade with Syria as the trade isn’t prohibited by the United Nations. He dismissed Western criticism of Russian arms sales to Assad’s regime, saying his company has only delivered defensive weapons.
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Thomas Candillier, the Paris-based head of European cash equity sales at JPMorgan Chase & Co, has died at the age of 37. JPMorgan declined to comment on the cause of death
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I remember that renowned economists used to say that this wouldn’t happen before 2050, maybe 2040.
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A rogue trader from east London who lost £1.4 billion in bad deals which nearly brought down a major international bank has today been found guilty of fraud.
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A Paris appeal court has upheld a jail sentence for Jerome Kerviel, the rogue trader who lost the bank Societe Generale (Soc-Gen) nearly five-billion euros. The court also ordered him to repay all the money.
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The stock trades were made in the depths of the financial crisis. Many of the trades were also made in the stocks of big Wall Street banks–the same stocks that were crashing and soaring and going bust in those days, sometimes as a result of major government intervention.
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Tim Geithner claims he learned of Libor manipulation when the rest of us commoners did, in 2008. New evidence keeps coming out suggesting he should have known much, much earlier.
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The Financial Times provides a bombshell today indicating that there was manipulation of Libor back when the Dow crossed 3,000 for the first time and Jody Reed was playing shortstop for the Boston Red Sox. You remember Jody, right? 1991 is a long time ago.
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