Thomas Ammann, the former Mizuho International Plc banker sentenced to 32 months in prison for giving inside information on deals to two of his girlfriends, must repay 94,568 pounds ($151,820), a judge ruled today.
JPMorgan Chase & Co. resumed settlement talks with the U.S. as the government was preparing to sue the bank in California alleging it misrepresented the quality of mortgage-backed securities sold from 2005 to 2007, according to a person familiar with the matter.
U.S. regulators are looking into how trading in financial instruments linked to gold in New York and Chicago occurred so quickly after the release of a Federal Reserve statement in Washington last week.
Elite investors with high-speed trading systems who gain early access to sensitive information are a growing threat to the integrity of U.S. financial markets, New York Attorney General Eric Schneiderman said.
Apparently SAC Capital Advisors have "reached out to prosecutors in New York to say that SAC founder Steven Cohen is interested in settling the civil and criminal cases against him and his company" for fines in the neighborhood of $1 billion.