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Financial Services, Insurance and Banking  : Displaying 67-71 of 81


Vampire Squid Update: SEC Fines Goldman For Huddles
by Pratap ChatterjeeCorpWatch Blog
April 13th, 2012
Goldman Sachs will pay out $22 million to the Securities and Exchange Commission to settle charges of insider trading. Company researchers were accused of holding weekly “huddles” with investment bankers and traders to provide them with stock tips for preferred clients.

Lockheed, General Dynamics Face UK Bank Boycott Over Cluster Bombs
by Pratap ChatterjeeCorpWatch Blog
April 10th, 2012
Lockheed Martin and General Dynamics of the U.S. face divestment from major UK banks, for manufacturing cluster bombs. The Guardian newspaper has exclusively reported that Aviva, the UK’s largest insurance company; Scottish Widows (part of the Lloyds Banking Group) and the Co-op Bank will sell shares in these companies, following a similar move by the Royal Bank of Scotland last year.

Mining Maverick Resigns from Rainmaking at JP Morgan
by Pratap ChatterjeeCorpWatch Blog
April 5th, 2012
Ian Hannam, a senior JP Morgan banker and ex-soldier, who helped finance a number of flamboyant and controversial mineral extraction projects from India to Tanzania over the last couple of decade, has resigned, after being fined $720,000 for insider trading by the UK Financial Services Authority.

Barclays Bankers Bonanza
by Pratap ChatterjeeCorpWatch Blog
March 15th, 2012
Three Barclays bankers made more than $15 million in 2011 salary packages, with the CEO making $28 million. The numbers were revealed under a pact made by the banking sector with the UK government, under Project Merlin, sparking outrage.

Vampire Squid Loses Tentacle
by Pratap ChatterjeeCorpWatch Blog
March 14th, 2012
Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass.