Royal Bank of Scotland Group Plc’s interest-rate traders were seated with one of the main rate setters in its London office to share information, and discussed rates on conference calls, a fired trader said.
AIJ Investment Advisors Co. President Kazuhiko Asakawa said he ordered the falsification of fund performance reports in the hope the Japanese asset manager could recoup losses that may exceed $1 billion.
Attorneys general in Texas, Iowa and Illinois, following Florida, have started investigations into mortgage practices at Ally Financial Inc.’s GMAC unit while California has ordered the company to prove its foreclosures are legal or halt them.
The shame of the Debrahlee “They Fired Me Because I Was Too Hot” Lorenzana story is that it is the rare Wall Street gender discrimination case that gets the public’s attention. Yet Lorenzana is making negligible efforts to exploit it on anyone’s behalf except her own.