SFO’s Tchenguiz humiliation complete

Yesterday the Serious Fraud Office dropped its investigation in the collapse of Kaupthing Bank and abandoned its case against Robert Tchenguiz. This completes this disastrous episode for the SFO – or maybe not, as both Tchenguiz brothers are expected to seek damages from the agency.

See also: SFO drops disastrous investigation into Vincent Tchenguiz; never got into Annabel’s

Serious Fraud Office apologises to Tchenguiz

SFO to be investigated as it lectures business leaders on “tone from the top”

Blackberries; just an embarrassment

From that emblem of cool, the New York Times:

“Rachel Crosby speaks about her BlackBerry phone the way someone might speak of an embarrassing relative.

“I want to take a bat to it,” Rachel Crosby, of Los Angeles, says of her creaky BlackBerry. “You can’t do anything with it.”

“I’m ashamed of it,” said Ms. Crosby, a Los Angeles sales representative who said she had stopped pulling out her BlackBerry at cocktail parties and conferences. In meetings, she says she hides her BlackBerry beneath her iPad for fear clients will see it and judge her.

The “Journey to the Financial Conduct Authority”

The FSA has today published a document, “Journey to the Financial Conduct Authority“, setting out how the UK’s new financial services conduct and markets regulator will operate when it comes in being in 2013. An accompanying speech from Martin Wheatley, CEO-designate of the FCA, is here. Excerpts from the speech: