Activist hedge fund manager Joseph Stilwell and his Stilwell Value LLC will pay more than $589,000 to settle U.S. Securities and Exchange Commission allegations that they failed to properly disclose loans made among funds that the firm controlled.
An Australian foreign exchange trader who used confidential economic data to make dozens of illegal trades was sentenced to seven years and three months in jail on Tuesday, with a judge declaring it the country's worst-ever case of insider trading.
Senior bankers will be presumed guilty until proven innocent under strict new rules proposed by British regulators seeking to hold individuals accountable for bank failures.
Plans to ban branding on cigarette packaging in England passed their final legislative hurdle on Monday after lawmakers in Britain's upper house of parliament approved them, meaning firms will be forced to adopt plain, standardized packets.
