A trader who worked for UBS and Citigroup has been jailed for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.
The full extent of the damage caused by the Greek crisis was laid bare when the first day of stock market trading after five weeks of economic paralysis saw shares lose a sixth of their value.
... * HSBC sells Brazil unit at higher-than-expected price. * Deal helps Bradesco boost presence in high-end segment. * Bradesco preferred shares fall 4 percent.
Greek markets suffered a bloodbath on Monday, falling by a record 23pc within minutes of the opening bell as investors rushed to sell off stocks during the first full day of trading in more than a month.
... * Audi, BMW, Mercedes to buy Nokia's HERE. * Carmakers take equal stakes. * Deal has total enterprise value of 2.8 bln euros.