Bob Diamond, former chief executive of Barclays,  told the UK’s parliamentary commission on banking standards that he felt “physically ill” when he learned employees of the bank had been making false rate submissions in the Libor scandal. Photograph: Reuters/Dylan Martinez

In a memorable scene from the film Casablanca, Louis Renault, the affable but corrupt French police chief, closes Rick’s club. “I am shocked, shock(...)

Former Goldman Sachs bond trader Fabrice Tourre was found liable for fraud for his role in a failed mortgage deal that cost investors $1 billion. Photograph: Reuters

A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors(...)

Fabrice Tourre no longer works for Goldman Sachs but the bank is paying his legal fees in his civil trial. Photograph: Doug Mills/The New York Times

Fabrice Tourre, the former Goldman Sachs banker who became a symbol of the financial crisis, will have his day in court when his civil trial begins (...)