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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

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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

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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.

Apple slapped with class action suit over memory

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Apple was hit with a class action suit Tuesday alleging that the company didn't disclose how much memory the new iOS 8 would consume on its various gadgets-subsequently forcing users to buy additional memory on the spot.

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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.

FBI Headquarters

Ex-Goldman Sachs employee sues FBI

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.