Nick Leeson, the trader whose wrong- way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts in the wake of the real estate collapse.
If Jerome Kerviel is convicted next week of causing Societe Generale SA ’s 4.9 billion-euro ($6.5 billion) loss, he won’t face the kind of sentences given to financial felons such as Bernard Madoff -- or even Nick Leeson .
Bank of America Corp. , the biggest U.S. bank by assets and deposits, delayed foreclosures after a federal regulator called for a review because lenders may have submitted defective documents when repossessing homes.
Baring Asset Management, the money manager once owned by the bank brought down by Nick Leeson, is shunning Egyptian stocks until the country’s talks with the International Monetary Fund for a $4.8 billion loan conclude.
Shirlina Tsang, a former Royal Bank of Scotland Group Plc trader who pleaded guilty in Hong Kong to fraud for trying to hide losses of 19.5 million pounds ($30.8 million), was sentenced to 50 months in jail.