John Mack, the former head of Morgan Stanley, is going into business with a 77-year-old tax lawyer who oversees more than $15bn in investment assets for clients such as ex-basketball star Magic Johnson and the founding family of Estee Lauder Cos.
Michael A.J. Farrell, who built Annaly Capital Management into the world’s largest mortgage real estate investment trust, has died after being diagnosed with cancer earlier this year. He was 61.
Michael Cardillo, the former Galleon Group portfolio manager who pleaded guilty to insider trading, provided 'extraordinary' help in cases against former Goldman Sachs director Rajat Gupta and former Galleon trader Zvi Goffer, U.S. prosecutors have said.
The Securities and Exchange Commission, which began probing Facebook's May 17 IPO after its stock price plummeted, hasn’t found evidence that the company withheld material information from investors, a person familiar with the matter said.
Edith Cooper, EVP and Global Head of Human Capital Management at Goldman Sachs, appeared on Bloomberg TV Friday to discuss Greg Smith, the firm's morale and its culture.
Thames Water has appointed UBS as lead advisor to raise the $6.57bn in debt and equity finance required to construct the Thames Tideway Tunnel, the so-called 'Super Sewer'.
Here's the transcript of Greg Smith's interview interview on 60 Minutes Sunday night.
Antony Jenkins, the chief executive of Barclays, has admitted that the British bank needs to discover a “defining purpose” and put ethical behaviour at the heart of what it does.
The following is the memo circulated on October 19, 2012 to all Goldman Sachs employees worldwide:
Credit Suisse has put its $17.2bn European exchange-traded fund business up for sale, according to sources familiar with the matter.
The SEC has its sights on activist investors, but the hedge fund industry isn't concerned about a crippling crackdown.
HSBC’s procedures to prevent money laundering, sanction-breaking and criminal activity still have deficiencies so serious that to publicly disclose them would risk serious crime, the US Department of Justice has said.
Fines and penalties on City firms will in future be meted out by Mark Steward, who has been appointed head of enforcement at the Financial Conduct Authority.