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Today Microsoft announced a shaving of 5,000 jobs internally, and a reduction of external jobs with its contractors or suppliers. This is rationalized by “economic conditions.” Did we read anything about wholesale compensation cutbacks? Not much.
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 Canada's Competition Bureau is investigating allegations that certain global banks or financial brokerage firms conspired to manipulate interest rate derivatives for more than three years.
Hong Kong's securities regulator fines a brokerage firm and revokes its corporate finance licence for failing to carry out its duties.
U.S. bank Goldman Sachs will pay $7 million US to settle federal regulators' civil charges that its futures brokerage business failed to diligently supervise activity in trading accounts from mid-2007 through 2009.
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