Finance Latest News: SEC Takes Goldman's 'Fabulous Fab' to Trial in Civil Fraud Case

The U.S. Securities and Exchange Commission heads to trial against Fabrice Tourre, 34, a former Goldman Sachs bond trader. Legal experts say it is the highest-profile trial to date stemming from the SEC's investigation of the events leading up to the 2008 crisis and presents a chance for the SEC to hold an individual responsible at trial. Greece's bank rescue fund has picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the country's next tranche of bailout aid. A powerful crane will start lifting smashed train cars over buildings to clear a railway line after a derailment killed six people and injured nearly 200 people south of Paris in what investigators believe may have been a case of equipment failure, authorities said.
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