Lloyds Lacking Risk Controls? Weisel's Armstrong Ties Questioned, and More News of the Week

Lloyds Bank, following a few systems failures in 2012, is facing accusations from a former executive that risk controls are lacking, while Thomas Weisel is under scrutiny for ties to Lance Armstrong, HSBC can't get away from its money laundering settlement and "genius" trader risk top this weeks chatter in the press and on Twitter.
January 18, 2013


6. Hard Times for Dimon

I just can't stop the tears over this news. How will he ever afford bus fare on $11M /yr.

— Reader comment from Rainy098

Source: Bloomberg Businessweek: JPMorgan Halves CEO Dimon's Pay Over Whale Losses

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