Topic: Zurich
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Top 5 insider trading convictions
Raj Rajaratnam, a wildly successful hedge fund manager, was sentenced and fined Oct. 13 on fraud and conspiracy counts for using insider information to make more than $50 million. Prosecutors called it the largest insider-trading case ever for a hedge fund. So how does his conviction stack up against other insider traders in the United States who were found guilty? Here's a look at the Top 5 convicted insider traders:
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Photos of the Day: Photos of the Day 04/11
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In Pictures: Animals escape
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Photos of the Day: Photos of the day 03/10
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Photos of the Day: Photos of the day 02/23
All Content
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UBS to pay $1.5 billion in fines over LIBOR rate scandal
The Swiss bank agreed to the fine Wednesday, settling with US, British, and Swiss regulators. In the case, UBS employees tried to rig the London Interback Offered Rate, or LIBOR, using different currencies.
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Backchannels
Vast sums of aid continue to be stolen in AfghanistanDespite years of supposed effort to stop money laundering out of Kabul airport, billions continue to flow from the country unchecked.
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UBS AG cuts jobs. More banks to follow?
UBS AG announced it was cutting up to 10,000 jobs by 2015, part of a plan to downsize investment banking and drop risky trading activities. UBS AG chairman Axel Weber warned that many of the Swiss banking giant's global rivals may have to follow suit.
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The Monitor's View: Old Europe meets new
Driven by the euro crisis, 11 European nations led by Germany propose a tighter union with more democracy. As a new model of governance and shared sovereignty, it would be one of old virtues designed for tougher global competition.
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Global warming's evil twin threatens West Coast fishing grounds
Within the next few decades, ocean acidification – an effect of global warming – could leave sea creatures along the West Coast unable to maintain their protective shells, according to a new study.
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400-year-old diamond – owned by royals – for sale
400-year-old diamond, owned by a French king and German, British royal families, will be auctioned off by Sotheby's May 14. Known as the 'Beau Sancy,' the 400-year-old diamond is expected to fetch up to $4 million.
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Swiss villages, sitting on a gold mine, refuse to budge
Switzerland's Medel Valley contains gold ore worth an estimated $1.2 billion, but residents soundly rejected a proposal to mine the deposits, despite the community's need for jobs.
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The New Economy
Davos meeting: Gloomy about economy, worried about capitalismThe annual World Economic Forum in Davos, Switzerland, will discuss not only the Europe's debt woes but also the future of capitalism. Even some billionaires in Davos are worried about income inequality.
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A Dangerous Method: movie review
David Cronenberg's 'A Dangerous Method' is a talky period piece about Freud and Jung refining their psychoanalytical approaches, with a romantic interest played by Keira Knightley thrown in.
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Lost da Vinci: Priceless da Vinci portrait sold for $21,000
Lost da Vinci: Art historian Martin Kemp, of the University of Oxford, believes the mystery painting, which appeared in 1998, is a portrait of the duke's daughter, created by da Vinci for her wedding book.
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Former UBS banker charged with helping clients dodge US taxes
A Swiss asset manager and former UBS banker who allegedly helped move his clients' secret bank accounts is indicted for allegedly conspiring to defraud the US government.
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The Daily Reckoning
As oil prices rise, your asparagus gets tougherResidents of developed nations rely on oil for almost everything, even the appearance of our lawns and the quality of our vegetables depend on it
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Top 5 insider trading convictions
Raj Rajaratnam, a wildly successful hedge fund manager, was sentenced and fined Oct. 13 on fraud and conspiracy counts for using insider information to make more than $50 million. Prosecutors called it the largest insider-trading case ever for a hedge fund. So how does his conviction stack up against other insider traders in the United States who were found guilty? Here's a look at the Top 5 convicted insider traders:
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Photos of the Day: Photos of the Day 04/11
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Cow that can jump makes riding dreams come true
Cow that can jump: Hours of training, and tons of treats, cajoling and caresses later, the results are impressive: not only do the two regularly go on long rides through the southern German countryside, they do jumps over a makeshift hurdle of beer crates and painted logs.
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In Pictures: Animals escape
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Photos of the Day: Photos of the day 03/10
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Photos of the Day: Photos of the day 02/23
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Facing sanction, Tour de France's Contador 'no longer believes' in doping system
'I'm innocent,' cyclist Alberto Contador said at a press conference today, vowing to fight a proposal to suspend him and strip his 2010 Tour de France title.
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Alberto Contador may be stripped of Tour de France title. Is he a scapegoat?
Spain's cycling federation made a preliminary decision to strip Alberto Contador of his 2010 Tour de France title and suspend him from cycling for one year.
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In Pictures: Where has Bill Clinton been?
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Photos of the Day: Photos of the Day 12/15
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Global News Blog
For UBS bankers, a head-to-toe style guide as precise as a Swiss watchThe Swiss banking giant UBS has released a dress code that mandates fingernail length, when women should apply perfume, and even the quality of a banker's underwear.
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Photos of the Day: Photos of the day 12/14
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Russia World Cup 2018: Another score for powerful Putin?
Russia's sports minister likened the geopolitical impact of Russia hosting the 2018 World Cup to the tearing down of the Berlin Wall.
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