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C Suisse faces $3.2bn Italian lawsuit

Colosseum Rome

Credit Suisse is facing a $3.2bn suit in Italy as prosecutors probe the lender in a separate case, a sign litigation risks haven’t abated since a multi-billion settlement last year.

Wells Fargo banker sentence to 5 years

Prison Window

A federal judge on Friday sentenced a former Wells Fargo banker to five years in prison for his role in an insider trading ring that prosecutors said netted participants more than $11 million and garnered national attention.

Ex-Goldman Sachs employee sues FBI

FBI Headquarters

A Goldman Sachs programmer sued the FBI agents who arrested him for allegedly stealing the bank’s high-speed trading code, accusing them of violating his constitutional rights.

JPMorgan bankers charged over swaps

Gavel

Two JPMorgan Chase employees were charged in Germany over the sale of swaps to the city of Pforzheim that resulted in 57 million euros ($64 million) of losses, prosecutors said.

Standard & Poors to settle Calpers lawsuit

Gavel

Standard & Poor’s reached a $125 million lawsuit settlement with the largest U.S. state pension fund over inflated ratings on residential-mortgage bond deals, two people familiar with the matter said.

A win for UBS in job cuts case

Log Pile

UBS has won a London lawsuit filed by an asset management firm that said that investment banking job cuts at the bank undermined a joint venture.

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Prison Window

Wells Fargo banker sentence to 5 years

A federal judge on Friday sentenced a former Wells Fargo banker to five years in prison for his role in an insider trading ring that prosecutors said netted participants more than $11 million and garnered national attention.