My Actions Were Not Fraudulent, Says UBS "Rogue Trader"
Accused UBS "rogue
trader" Kweku Adoboli said on Friday he did not believe his
behaviour had been fraudulent and it was unfair to suggest that
his previous jobs in the UBS back office had given him the
knowledge and skills to commit fraud.
The Buy Side Wrestles with the OMS-EMS Dilemma
In the midst of a bad economy and lower trading volumes, the buy side balances the need to cut costs and consolidate OMS and EMS platforms, while chasing the best integrated solution.
How To Drive Down IT Spending
While regulation places increasing pressure on firms’ technology and data volumes continue to skyrocket, how can firms limit their IT spend?
Genworth to Sell Wealth Management Business
Genworth Financial Inc
plans to sell two of its businesses, including its wealth
management business, in an effort to raise capital, according to
three sources familiar with the situation.
Fund Firms Wary of Introducing New ETFs
Fund companies are growing more
wary of introducing new exchange-traded funds, and more willing
to kill those that have not caught on, as they grapple with a
price war in an overcrowded $1.2 trillion market dominated by
the three largest providers.
Obama Not 'Anti-Business'-Carlyle's Rubenstein
Carlyle Group LP co-founder David
Rubenstein said President Barack Obama's economic plans are not
anti-business, countering criticism from his Republican rival
Mitt Romney, who like Rubenstein is a veteran of the private