If you haven’t heard, Avenue Capital’s Marc Lasry will be representing you to our oldest and least-reliable ally. The White House didn’t intend for you to hear that for a few weeks yet, and Avenue certainly didn’t intend for its clients to hear it. But no convention of courtesy or deference can hold Bill Clinton down.
Adoboli lawyer Charles Sherrard said the bank became “more aggressive in terms of its desire to make profits” in 2011, while cross-examining one of Adoboli’s former bosses at a fraud trial in London today. “The culture, practice at the bank you were working for, didn’t matter as long as you were making money,” Sherrard said […]