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NEW YORK: Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced to serve nine months in prison and pay $118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized $8.3 billion futures trade in 2007.
NEW YORK: A former SAC Capital Advisors trader, set to go on trial next month on insider trading charges, wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.
NEW YORK: A commodities trader filed suit against BP Plc, Royal Dutch Shell Plc and Statoil in a U.S. federal court, accusing the companies of colluding to fix prices in North Sea Brent crude oil.
NEW YORK: A former Credit Suisse Group AG trader pleaded guilty to a conspiracy charge on Friday in a U.S. criminal case relating to the alleged inflation of subprime mortgage bond prices.
NEW YORK: A former Credit Suisse Group AG trader was sentenced to 30 months in prison on Friday for his role in a scheme to artificially inflate subprime mortgage bond prices.
PARIS (AP): The French trader accused of one of the biggest bank frauds was taken into custody by police, who were questioning him about bad bets that cost France's No. 2 bank billions of euros in a season of jittery markets.
My E.G. Services Bhd, which operates an e-services portal, saw its share price halved from RM1.15 last month to just 58 sen on Monday, in the fallout of stocks linked to financing by Britain-based Global Trader Europe Ltd.