Janie James says she was cool at first when Indian outsourcing giant Infosys Ltd approached her about a job near Atlanta, even though she was unemployed. She didn’t know much about the company, and it seemed a step down from her old vice-president post at Primerica Inc.
Here's one top firm boss who looks like he believes banking is going through a period of structural change, rather than just another downturn.
Whatever doesn’t kill Goldman Sachs makes it stronger.
Former UBS trader Kweku Adoboli will start telling his side of the story in court on Thursday, seeking to convince a jury that he did not act dishonestly when he made the trades that cost the Swiss bank $2.3 billion.
Rajat Gupta, the former Goldman Sachs director and McKinsey & Co. managing director who rose to the pinnacle of Wall Street, was sentenced to two years in prison for passing inside tips to his business partner.
Preet Bharara, the United States Attorney for the Southern District of New York, Steve A. Linick, the Inspector General of the Federal Housing Finance Agency, and Christy L. Romero, the Special Inspector General for the Troubled Asset Relief Program, have announced that the United States has filed a civil mortgage fraud lawsuit against BANK OF AMERICA CORPORATION and its predecessors Countrywide Financial Corporation and Countrywide Home Loans, Inc.
Rep. Barney Frank, a Massachusetts Democrat, defended JPMorgan on CNBC’s 'Closing Bell' Wednesday, calling the recent lawsuit brought against the bank for alleged fraud at Bear Stearns a dangerous precedent.
Black is back.
Barclays has announced that it has won ‘Best Private Bank – Asia (Titanium)’ at the Triple A Investment Awards 2012 by The Asset, a regional financial publication.
The UK economy leapt out of recession in the Olympic quarter, as economic activity rose by 1.0% from the previous quarter in Q3 2012. This brought an end to the recession that had encompassed three consecutive declines in the level of economic activity and a cumulative 1.0% decline in the economy.
Beijing-based Da Lian Zeus Entertainment Company was the top bidder in an online auction of a steak lunch with Warren Buffett.
The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn, according to research to be published on Monday.
Three former UBS executives last week lost a bid to reverse their 2012 convictions for conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds.