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Friend of Madoff pays $277m to settle suit

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The estate of one of Bernard Madoff’s oldest friends agreed to pay the con man’s victims $277m to settle claims that the Beverly Hills money manager, who died in 2010, got rich from Madoff’s fraud at the expense of thousands of investors, including his own clients.

C Suisse CEO Bloomberg TV Interview

Tidjane Thiam

Tidjane Thiam, CEO at Credit Suisse, spoke to Francine Lacqua on Bloomberg TV Wednesday morning to discuss the bank's latest restructuring steps, his outlook for the first quarter results, and keeping the dividend in place.

$2.5bn Madoff compensation goes unclaimed

Bernie Madoff

Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.

Fired Morgan Stanley professional seeks to avoid jail

Computer Hacker

A fired Morgan Stanley financial adviser facing prison for downloading data on hundreds of thousands of customer accounts to a home server says he’s been told the bank 'suspected' Russian hackers got access to the information and offered to sell it on the Internet.

Failed hedge fund sues Citigroup

Citi Building Sign

A failed hedge fund, whose manager was jailed for fraud, sued Citigroup over allegations the bank undervalued assets when it closed out trades at the height of the 2008 financial crisis.

Supercomputers said to entice Wall Street

Wall Street sign

You may soon be able to see every conceivable outcome of a wager, say on interest rates, over many time horizons - thanks to computers that rely on the uncertainty at the root of all matter.

Ex-Jefferies trader has conviction overturned

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A former Jefferies & Co. Managing Director accused of lying to customers about bond prices had his conviction overturned, setting back government efforts to hold individuals accountable for alleged wrongdoing on Wall Street.

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Tidjane Thiam

C Suisse CEO Bloomberg TV Interview

Tidjane Thiam, CEO at Credit Suisse, spoke to Francine Lacqua on Bloomberg TV Wednesday morning to discuss the bank's latest restructuring steps, his outlook for the first quarter results, and keeping the dividend in place.

Andrew Hall Still Pic

A $100m Oil Man Brings Fortune to Tiny Vermont Town

Andrew J. Hall, the former Citigroup oil trader whose pay package of about $100m ensnared him in the fight over compensation at bailed-out banks in 2009, is selling handmade lavender soap and grass-fed Angus beef from a farm in Reading, Vermont.

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Gavel

Friend of Madoff pays $277m to settle suit

The estate of one of Bernard Madoff’s oldest friends agreed to pay the con man’s victims $277m to settle claims that the Beverly Hills money manager, who died in 2010, got rich from Madoff’s fraud at the expense of thousands of investors, including his own clients.

Tidjane Thiam

C Suisse CEO Bloomberg TV Interview

Tidjane Thiam, CEO at Credit Suisse, spoke to Francine Lacqua on Bloomberg TV Wednesday morning to discuss the bank's latest restructuring steps, his outlook for the first quarter results, and keeping the dividend in place.

Bernie Madoff

$2.5bn Madoff compensation goes unclaimed

Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.