If you’re an FX trader, it’s been a tough 20 years. Bloomberg says NatWest Group, once home to some of London’s top FX traders, has cut the number of people dedicated to G-10 FX trading by 70% over the past two decades. The trading jobs have disappeared, but a different kind of job has taken … Read more
MIke Lynch sat in a packed, wood-paneled courtroom, staring holes into the back of a U.S. prosecutor who, standing just ten feet in front of him, called him a criminal. It was Monday and time for the closing arguments in the 11-week fraud trial of the British tech mogul, held in a courthouse in downtown … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Mike Lynch, once one of Britain’s leading tech entrepreneurs, was acquitted of criminal charges by a San Francisco jury on Thursday, capping a 12-year legal saga stemming from one of Silicon Valley’s biggest-ever fraud cases … Read more
A US jury has begun deliberating the fate of British technology entrepreneur Mike Lynch in a corporate fraud trial that began in March, as a years-long saga over a 2011 takeover deal comes to a close. Lynch is charged with fifteen counts of fraud, although he originally had sixteen; a securities fraud charge was dismissed … Read more