A San Fernando Valley-based investment advisor was sentenced to two years in federal prison for his role in an investment scheme in which he stole profits from trades executed on his clients’ behalf, depriving them of more than $900,000.
The business of "deal toys," tiny Lucite trophies of big Wall Street deals, took a huge hit during the recession but now it's starting to roar back.
In an investor briefing being distributed this week, John Paulson will reveal that his gold fund fell more than 10 percent for the first two months of this year, said people familiar with the numbers.
The mood towards the bailed-out banks turns on a sixpence. In the space of the past fortnight the government has floated the idea of a share give away of shares in Royal Bank of Scotland, ruled out a full nationalisation of the Edinburgh-based bank, and lowered the hurdle price at which the sell-offs could begin of RBS and Lloyds Banking Group.
Message: I could wield the axe further if necessary.
Is that academically gifted, high-performing, twentysomething graduate trainee on your team an example of intelligence and ambition incarnate ?
Royal Bank of Scotland should be pushed to undergo a deep restructuring to split off bad assets still on its books and recapitalize, the head of the Bank of England said on Wednesday.
Fresh regulations on banker bonuses is a risk for Standard Chartered, warned CEO of the bank's Asia division, Jaspal Bindra, who said an unfair amount of attention has been paid to the issue.
George Osborne suffered a bruising defeat in Europe on Tuesday as the 26 other EU finance ministers imposed curbs on bankers' bonuses in an unprecedented move targeted at the UK financial services sector.
The world's major luxury auto manufacturers have been bucking the trend, rolling out new models for the super luxury market at the 83rd Geneva motor show, against a backdrop of slumping sales in the mass market in Europe.
The votes - or valuations - are in.
Record breaking Hays Financial Markets does it again - with five awards win
Deutsche Bank has named Craig Bench and John O’Brien co-heads of equity distribution for the U.S. after former boss Derek Capanna departed for UBS, according to two people with knowledge of the moves.