Global, Financial & Business News for City Professionals

Police Investigate $150m Rogue Trade

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BoE Deputy Claims Economy Set for Moderate Recovery

Strauss-Kahn Questioned Over Prostitution Ring

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UBS Turns Whistleblower

Swiss bank UBS has decided to turn whistleblower to regulators investigating the alleged manipulation of interest rates, as part of the Libor probe.
Call for Changes at World Bank

The World Bank has faced calls to make changes to its presidential elections by including candidates who are non-American.
Placid Gonzales' Market Bulletin

Wealth management specialist, Placid Gonzales provides Squaremile.com readers with a look back at the week's market news stories.
Investigators Seize $6trn of Fake U.S. Bonds

Fake U.S. treasury bonds with a face value of $6trn have been found stored away inside a Swiss bank vault by anti-mafia investigators.
‘BoE Inflation Target on Course’ – Says Posen

The Bank of England’s (BoE) monetary policy is on course to meet its inflation target following the decision to inject £50bn of quantitative easing into the economy, according to BoE policymaker Adam Posen.
Lloyds Chairman Blasts Bonuses

Banker-bashing has grown to such an extent that it is now even coming from within the Square Mile.
Hedge Funds Now Criticised for Not Being Short-Term Enough

After losing out badly in last year’s volatile markets, hedge funds have been faulted for not caring enough about short-term profit – in contrast to the usual criticism that they are too concerned with the short-term.
‘Banking Bad for Health’ – Says Study

A study by the University of Southern California has shown that investment bankers are at risk of physical and emotional ailments due to the stress-related toll their work takes on their bodies.