Investors believed the blunders of the credit crisis were a thing of a past, reports Financial Times. But the recent slew of legal actions—including the case against S&P over alleged fraudulent ratings—has reminded markets there are still claims against major industry players that have be sorted out. Read more. Also read: S&P employees mocked company […]
When integrating automation into your firm, keep it simple.
Standard & Poor’s employees mocked the company ahead of the 2008 global financial crisis, according to internal communications cited in the U.S. Justice Department’s complaints against S&P and its parent company, McGraw-Hill Cos. The employees joked about the company’s willingness to rate deals “structured by cows” and sang and danced to a song inspired by […]
Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com. The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%. Read more. Also read: France won’t be Eurozone victim Time […]
Scotiabank has changed its interest rate forecast.
The founder of Peregrine Financial Group was sentenced to 50 years in prison.
The Financial Post reports Best Buy will close 15 stores in response to increasing pressure from online retailers such as Amazon and Apple.
Knight Capital plans to sell some of its assets and cut staff before its sale.
An investigation of the UK’s £11 billion annuity market has been launched.
You start and end your day by plugging in, but is this healthy?