New York's political and business leaders like to trumpet the city's burgeoning tech start-up scene, but leading figures in the sector have warned that growing beyond start-up phase is proving problematic.
Defections become infectious.
The New York Post reports that that’s the question bankers at UBS have been asking themselves over the past few weeks.
Michael E. O'Neill was among a small group of directors who after the financial crisis urged the company to weigh the pros and cons of splitting up the third-largest U.S. bank, said people familiar with the deliberations.
A group of investors have filed a proposal calling for JPMorgan Chase to name an independent board chairman, splitting the CEO and chairman roles currently held by Jamie Dimon.
The U.K.’s financial regulator is partly to blame for not detecting efforts by banks it supervised to rig benchmark interest rates for several years, UK lawmaker Andrew Tyrie said.
A split is emerging in the Federal Reserve as officials worry that chairman Ben Bernanke's $85bn-a-month efforts to bring down unemployment may backfire.
Bernie Madoff said he does not need "credit" for helping recover money for victims of his Ponzi scheme, he just wished court-appointed trustee Irving Picard would tell the truth about what Madoff has claimed is his "instrumental" role in the process.
Telling the wife that you bagged a bad bonus might be a bit of a challenge for some bankers this comp cycle, but canny males have been doing this for years (no matter how much they get paid out).
Mexican regulators are probing a $76m trade UBS executed in Coca-Cola Femsa SAB shares hours before the bottler announced its biggest acquisition in 16 months, a person with direct knowledge of the matter said.
The final defendant in the $68bn (£44bn) Bernard Madoff fraud case has been jailed.
Bank of America is pulling its wealthy clients’ money from one of billionaire John Paulson’s hedge funds and reviewing another because of concern that large positions may be hard to sell.
It's well-established that women often encounter a different set of expectations in the workplace, but new research has put a dollar figure on gender bias in the office.