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The trial this week of a former Citigroup banker reveals how almost no one (aside from a few smart hedge funds) considered the risks of buying and selling complex derivatives.
Now she tells us
Germany's Angela Merkel says she's optimistic euro zone can be saved, but she's not so sure.
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Bay Street firms have eyes on India
Recent reports from Indian media and international wire services say India's state-owned Oil and Natural Gas Corp. Ltd. is among the bidders pursuing a $5-billion share in Alberta oil sands concessions owned by Houston-based ConocoPhillips Co.
HSBC failed to control drug-money laundering, Senate finds
In 2007, Mexican authorities raided the home of Zhenli Ye Gon, a local pharmaceutical magnate. There they found, hidden in a locked room, a cash stockpile of more than $205-million (U.S.). They accused Mr. Ye Gon of selling the bulk ingredients to make methamphetamines to the country's drug cartels, a claim Mr. Ye Gon has denied.
Surprise! Carney wants to raise rates
Bank of Canada Governor Mark Carney will today explain why his next move may be a rate increase, despite the cut expected by the markets.