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2009 The year that was: A look at the lighter moments

by Julia Kollewe Dec 31st 2009 at 10:00AM

Filed under: Financial Crisis, Me vs the Recession

After the global economy suffered another bad year and recovery looks to be slow and protracted, we look back at some of the lighter moments of 2009.

Pundits were divided over what shape the global slump would take: a W i.e. double-dip downturn, or a saxophone-shaped recovery, anyone?


Tags: berkshire hathaway, BerkshireHathaway, bernard madoff, BernardMadoff, billionaires, commodities trader, CommoditiesTrader, David Redmond, DavidRedmond, financial crisis, FinancialCrisis, Halloween, LUV, Martin Sorrell, MartinSorrell, Matthew Robson, MatthewRobson, Morgan Stanley, MorganStanley, recession, review of the year, ReviewOfTheYear, Ryanair, sage of omaha, SageOfOmaha, saxophone, twitter, warren buffett, WarrenBuffett

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City Spotlight: Tipsy trader, Birthdays blues and a fuel bill from hell

by Damian Wilson May 22nd 2009 at 11:00AM

Filed under: City Spotlight

Shurely shome mishtake

London bosses at US bank Morgan Stanley were red-faced again this week, after firing one of their traders who took a three-and-a-half hour lunch, came back drunk and spent the rest of the afternoon gambling away their money. I blogged just last week about how the bank had been fined a massive £1.4 million for failing to properly supervise one of their traders, and now this!


Tags: birthdays, british airways, BritishAirways, clintons, david redmond, DavidRedmond, morgan stanley, MorganStanley

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City Spotlight: Fines all round while BT flops

by Damian Wilson May 15th 2009 at 8:00AM

Filed under: City Spotlight

A fine mess, Stanley

US finance giant Morgan Stanley has been fined an £1.4 million by the Financial Services Authority for failing to properly supervise a London-based rogue trader who lost the company around £60 million.

The trader, Matthew Piper, 36, admitted his wrongdoing last April, and was fined £105,000. He was also banned from working in the City for life. While the fines are significant, in reality Morgan Stanley will soon recover that, but it's the message from the FSA and the laying of blame that will be super embarrassing.


Tags: british telecom, BritishTelecom, city fines, CityFines, financial services authority, financial services authority fines, FinancialServicesAuthority, FinancialServicesAuthorityFines, fines, fsa, fsa fines, FsaFines, intel, morgan stanley, MorganStanley, rogue trader, RogueTrader

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