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A.I.G. does not need to keep all of its traders, especially since it takes far fewer people to unwind a portfolio than to build it up.
On October 31st FERC filed an "order to show cause" demanding that the British bank pay a fine of $470m for its own alleged efforts to manipulate energy markets; it also levied $18m in fines on four of its traders.
The government's bonus tax will exceed the Treasury's initial estimates by as much as £2bn as HSBC is expected to confirm tomorrow that it will pay a higher than expected sum on behalf of its traders.
Intrade is based in Dublin, though many of its traders live in the United States.
The hedge fund collapsed last year after one of its traders lost about $6.6 billion betting on natural gas prices.
Barclays admitted that some of its traders had colluded to manipulate the rate and Bob Diamond was forced to resign as chief executive.
Lloyds Banking Group is embroiled in a new investigation by UK regulators into potential manipulation of government debt prices by one of its traders.
Despite firing one of its traders, Mathew Martoma, the fund is now covering the bills for his defense against securities fraud and conspiracy charges.
In June, Barclays agreed to a $450 million settlement after some of its traders and senior executives were found to have manipulated the rate for their financial benefit.
Last month, Barclays agreed to a $450 million settlement with American and British authorities after some of its traders and senior executives were found to have manipulated Libor.
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Correction: March 26 , 2000 Sunday An article last Sunday about the Allied Owners Action fund, a mutual fund devoted to shareholder activism, misstated the age of its trader, Deborah Pastor.
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