Law & Society

A former manager and a former computer programmer at Bernard Madoff's firm were sentenced to prison on Tuesday for helping the convicted fraudster run a multi-billion dollar Ponzi scheme.

White-coated bakers are chopping nuts, dipping pastry into liquid chocolate and hanging freshly baked panettone Christmas cake upside down to preserve its domed shape.

Financial watchdogs are having to revise plans to regulate the world's biggest investment funds because original proposals would have made it more difficult for asset managers to invest in infrastructure projects that are key to reviving growth.