Fabrice Tourre previewed his defense against civil fraud claims over a failed $1bn investment, telling jurors about his former life as a 28-year-old Goldman Sachs VP, working until midnight, six days a week on a vast trading floor, supervising no one.
Easy come, easy go.
SAC Capital and its founder Steve Cohen could be left penniless if prosecutors are successful in their case against the firm. U.S. Attorney Preet Bharara unveiled a civil complaint targeting "any and all assets" of SAC and its funds.
Investors should always prepare for the most extreme risk scenario because it will happen, Goldman Sachs CEO Lloyd Blankfein told the Australian Institute of Company Directors at a breakfast briefing on Friday.
Barclays is expected to announce on Tuesday next week whether it will need to raise more capital to meet a demand by the Bank of England that it reduces the risks it is running in its business.
Cisco Ties IBM for Second Place in Tech Deal Making
When you hear that sporting events such as the recent football matches featuring Manchester United and Liverpool provide a boost to the economy, you are best to view such calls as offside.
Indicting a company can be a death sentence, regardless of the firm's innocence. Take Arthur Andersen.
Commerzbank has reached an agreement with BNP Paribas on the sale of its 'Depotbank' business.
Here's a summary of our 2013 best in class recruitment poll winners.
Credit Suisse faces a tough decision: either double down on its expensive debt operation or retreat from a business it has long viewed as a cornerstone in the U.S.
JPMorgan Chase, the first big U.S. bank to report earnings after the third-quarter’s market tumult, missed analysts’ estimates and cautioned that trading is off to a tepid start this quarter.
Investors fear a "black swan" catastrophic event in the financial markets right now more than ever before.