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South Africa: Competition Body Wants Hackers Prosecuted (AllAfrica.com)
Cape Town — The Competition Commission has laid criminal charges against the unknown hackers who lifted the lid on highly confidential information about the South African banking system that the four big banks wanted to keep under wraps.

Investment Banking (New York Times)
Many corporate programs employ microloans, grants or gifts to promote business education for women in emerging markets. But Goldman Sachs , the big Wall Street firm, decided to take a different approach.

Credit Suisse clients may have lost £640 mn with Madoff (The Hindu)
LONDON: The clients of Swiss banking major Credit Suisse could have lost nearly one billion Swiss Franc (about £640 million) which they had invested with Wall Street trader Bernard Madoff alleged of committing $50 billion fraud.

Madoff Dealings Tarnish a Private Swiss Bank (New York Times)
For generations, the calling card of Swiss private bankers has been the promise of prudence and discretion. Now, as the links between Bernard L. Madoff and elite private banks like Geneva-based Union Bancaire Privée emerge, this well-polished reputation has been tarnished by the $50 billion Ponzi scheme that Mr. Madoff has been arrested for and accused of running, The New York Times’ Nelson D. ...

Financial storm leaves economy reeling (Swissinfo)
As the winter takes grip in Switzerland the chill can also be felt in companies, financial institutions and the economy as a whole following a stormy year.