| E-payment competition heats up THE big credit card companies are under pressure from new entrants. australianit.news.com.au |
Missouri Chief Justice Price: Budget cuts hit state courts The chief justice of the Missouri Supreme Court said the state’s budget crunch caused the judiciary to send back $3 millions in appropriations during the past fiscal year and likely will cause a similar cut this year. bizjournals.com |
FSA condemns weak controls at UBS that allowed rogue traders to flourish The Financial Services Authority (FSA) has fined UBS £8 million for weak controls that allowed staff in its private bank to make thousands of unauthorised trades with clients’ money and then hide the losses. It is the third-largest fine awarded by the FSA. feeds.timesonline.co.uk |
Citigroup puts on the gloves for fight with Terra Firma The prospect of a legal showdown between Guy Hands’s private equity fund and Citigroup edged closer last night as lawyers for the investment bank prepared a response to the entrepreneur’s £1.5 billion lawsuit. feeds.timesonline.co.uk |
Fund Chief Snared by Taps, Turncoats A single text message to Galleon's Raj Rajaratnam proved to be a turning point in what would become the biggest insider-trading case in two decades. feedproxy.google.com |