Tom Hayes, a 35-year-old trader, has been sentenced to 14 years in prison after becoming the first person to be convicted by a British jury of rigging Libor rates following a trial at London's Southwark Crown Court.
A private security guard sits in front of a closed-down business in the colonial district of Old San Juan, Puerto Rico. Photograph: Ricardo Arduengo/AP.
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.
Energy stocks were the biggest losers among the main S&P sectors on Monday. Exxon Mobil and Chevron, which reported poor results on Friday, led the losses.