Barclays executive Tom Hamilton, who oversaw the second-ranked underwriter of structured-finance deals, is leaving his position.
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that former Citigroup CEO Vikram Pandit’s job has 'been in jeopardy for months now', and that the resignation was spearheaded by 'an uprising on the board led by' Michael O’Neill and Diana Taylor over the $5bn Smith-Barney write-down that 'occurred two months ago'.
Marilyn Monroe has been dead for more than 50 years, but her image lives on and her estate made $27million last year, according to Forbes which placed her at number 3 on its 'Dead Celebrities Rich List in 2011', right behind Michael Jackson and Elvis Presley.
The Securities and Exchange Commission today charged a former $1bn hedge fund advisory firm and two executives with scheming to overvalue assets under management and exaggerate the reported returns of hedge funds they managed in order to hide losses and increase the fees collected from investors.
Bumi, the mining investment vehicle founded by Nat Rothschild, has widened its internal investigation into alleged financial impropriety to include possible email hacking and the origin of a whistleblower's report that first revealed the crisis at the FTSE-250 firm.
Citigroup paid a hedge-fund manager with a doctorate in finance more than $200m over five years to save the bank from the brink of collapse. Now it’s turning to a former Harvard football lineman to run it better.
Rajat Gupta, the ex-Goldman Sachs main board director who is set to be sentenced October 24th for insider trading, should be given probation and ordered to perform community service that could include either working with New York youth or the poor in Rwanda, his lawyer said.
A man has been arrested in New York for allegedly trying to blow up the Federal Reserve with what he believed was a 1,000lb bomb but was in fact a fake device provided by federal agents.
Like most Wall Streeters, Michael Corbat - the 52 year-old Connecticut native tapped on Tuesday to assume the reins of the troubled mega bank Citigroup - has an Ivy League pedigree and a background steeped in trading, corporate and investment banking.
Bankers in Britain could in the future face being struck off an industry-wide register if they misbehave, if plans being drawn up by a U.K. banking group go ahead.
Dick Fuld's estate for sale.
Morgan Stanley named Vince Lumia head of the firm’s private wealth-management business, replacing Eric Benedict, who is leaving after 19 years.
Scott Eichel, the global head of asset-backed products and credit trading for Royal Bank of Scotland's investment bank, has left unit.