Carl Levin
Teach history to avoid mistakes of yesterday’s quants
Quant grads should be taught follies of LTCM, Gaussian copula and London Whale, writes UBS’s Gordon Lee
Credit Suisse under fire over tax evasion
US Senate Committee promises to push Justice Department to prosecute more evaders
Goldman Sachs' resignation linked to 'hypocrisy'
Goldman Sachs' treatment of clients not unusual, psychologist says
FASB votes to review stock-based compensation standards
The Financial Accounting Standards Board (FASB) yesterday voted to review its standards on treating the cost of employee stock options as an expense. The move follows the submission of almost 300 industry comments on the issue.
US Senate calls for structured finance probe
The structured finance businesses of leading financial institutions in the United States are set to face a major business practice investigation during the next six months, with top US regulators set to introduce a new code of governance for structured…