Exact(2)
One asked a hedge fund in America if it would mind having a private investigator put on its traders for a couple of weeks.
Goldman's record fine of $550 million by the SEC and subsequent conviction of one of its traders (for defrauding customers in the Abacus deal) is an example of values drift.
Similar(58)
US regulators have upheld a fine on Barclays and four of its traders of $453m £300mm) for allegedly manipulating electricity prices.
According to the FSA, UBS had even gone so far as to give its traders formal responsibility for handling the bank's submissions to the Libor-setting committee at the British Bankers Associationn - creating a direct conflict of interest, as the traders could profit depending on what they submitted.
It passes through a countryside that is visibly industrialising.With a long coastline and too little rain for decent farming, Gujarat has always been famous for its traders.
Darling was persuaded to re-examine the case for hitting bankers with a one-off levy after a high-profile standoff last week with Royal Bank of Scotland, whose board threatened to quit if he vetoed seven-figure bonuses for its traders.
Lehman, which has leased the Sheraton Manhattan Hotel in Midtown as a temporary work site for its traders and bankers and has an office building in Jersey City, put it another way.
So for the moment, Goldman Sachs –or should we say Goldie Mac?–enjoys the best of both worlds: outsize profits for its traders and shareholders and a taxpayer backstop should anything go wrong".
That same month, Barclays agreed to a $450 million settlement with American and British authorities over charges that some of its traders reported false interest rates for financial gain.
In June, the British bank Barclays agreed to pay $450 million to settle allegations that some of its traders tried to manipulate Libor for financial gain.
The regulators found that Deutsche Bank had allowed its traders to also be responsible for the bank's submissions to Libor, which made it easier to skew the positions.
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