Receiving Wide Coverage ...
Justice, delayed: Several bankers are paying the price for misdeeds – albeit roughly a decade after their crimes reportedly took place. Three former Barclays bankers – two Brits (Jonathan Mathew and Jay Merchant) and an American (Alex Pabon) – have been convicted of conspiracy to defraud in connection with efforts to manipulate Libor interest rates between June 2005 and September 2007. The London jury ultimately failed to issue a verdict for two additional defendants – Stylianos Contogoulas and Ryan Michael Reich.
This is the third criminal trial based in the U.K. since news about the Libor scandal started to come to light more than eight years ago. The U.S. has also pursued charges against more than a dozen bankers.
Wall Street Journal
Profit maximization: Jumbo loans now account for nearly
Trouble in the shadows: The value of bonds backed by personal, corporate and real-estate loans has
Executive decision: Robo-advisor Betterment is
Financial Times
Hedging their bets: Employees at the biggest banks have
Tough times: Goldman Sachs is telling its asset managers to "
More fallout: Bank of America may
New York Times
Instant gratification: Companies, including some Silicon Valley startups, are testing out payroll cards and ATM services to give workers
"State-sanctioned loan-sharking": New Jersey's student loan agency has adopted
Beach reads: Andrew Ross Sorkin curates a list of