Bloomberg TV anchor Betty Liu interviewed three generations of Buffetts on Tuesday morning: Berkshire Hathaway Chairman & CEO Warren Buffett, his son Howard G. Buffett and grandson, Howard W. Buffett.
A former employee of Bernard Madoff on trial for allegedly aiding the con man’s $17bn fraud told investigators in 2008 that he closed his personal investment account two years before the Ponzi scheme unraveled because the consistently high returns made him feel 'sick'.
The U.S. government has failed to produce any evidence to show that Bank of America Countrywide unit committed mortgage fraud in the run-up to the financial crisis, a lawyer for the bank said on Tuesday.
JPMorgan is nearing an agreement worth close to $6bn with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
Outstanding in Business has put together a British LGBT high-flier top 50.
Two executives of SAC Capital Advisors went to the firm’s London offices across from St. Paul’s Cathedral Tuesday to deliver some unwelcome news.
German tax inspectors have just spent 11 days searching the Frankfurt offices of UBS as part of a probe into possible tax evasion by the bank's clients, a spokesman for the prosecutor in Mannheim, said on Tuesday.
A federal judge has ruled that Goldman Sachs must pay the legal fees of a former computer programmer accused of stealing code from the bank, a decision that wades into a hot-button issue as more and more Wall Street employees find themselves ensnared in lawsuits and investigations.
Rabobank Groep, the Netherlands’ mortgage lender, will pay about $1bn to resolve regulators’ claims that it tried to manipulate benchmark interest rates, two people with knowledge of the matter said.
The Royal Bank of Scotland banker who quit in the wake of the bank's fine for rigging Libor has a new job as head of troubled Bank of Cyprus.
Tales of Barclays bankers playing fast and loose, circa 2011, lack shock value these days. After Libor rigging, forex rigging, and four other serious disciplinary breaches by the bank since 2009, we’re numb.
Deutsche Bank plans to eliminate jobs at its German power-trading business as co-CEO John Cryan seeks to cut costs across Europe’s largest investment bank, according to a person with knowledge of the matter.