Goldman Sachs tried to lure Libor trader with $3 mln bonus, court hears LONDON, May 28- Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday. Mukul Chawla, prosecuting for Britain's Serious Fraud Office, alleged that Hayes, who joined UBS in Tokyo in 2006, was...
| By: Kirstin Ridley
How the US can help defeat ISIS in Iraq There's one group of fighters in Iraq who have proven themselves on the battlefield and deserve more support from the US, says David Phillips.
| By: David L. Phillips
Ex-Lehman CEO Fuld emerges after 7 years Former Lehman Brothers CEO Dick Fuld delivers the keynote at the Marcum MicroCap Conference, addressing the "building block years" at Lehman, and the "perfect storm" that led to the crisis. It is the first time Fuld is speaking publicly since 2008.
GLOBAL MARKETS-Stocks fall on Greek concern, yen falls further NEW YORK, May 28- The U.S. dollar hit its highest against the yen since 2002, while global stocks cascaded lower after Chinese brokerages tightened margin rules and the IMF head downplayed talk of an imminent deal to keep Greece afloat. "We are all in the process of working towards a solution for Greece, and I would not say that we already have reached substantial...
| By: Rodrigo Campos
Italian yields firm as auction points to market stability *Italy sells 6.9 billion euros of bonds. Italy sold 6.9 billion euros of five-, 10- and 17- year bonds, towards the upper end of a 5- 7 billion euro targeted range, with the yield on the 10- year paper rising to its highest at auction since December 2014. Italian 10- year yields edged up slightly after the sale to 1.87 percent as markets digested the new supply, but the move...
| By: Emelia Sithole-Matarise and John Geddie
FOREX-Dollar rises to 12-1/2-year peak vs yen *Dollar hits highest vs yen since December 2002. NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday as investors bet that U.S. interest rates will rise later this year while Japanese monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last...
| By: Richard Leong