The likelihood of intense political and regulatory scrutiny on the new chairman and chief executive of Barclays means both must be untainted by its reputational collapse and are likely to be recruited externally, possibly from Canada or Australia.
Phil Gramm, the former U.S. senator who helped write the 1999 law that enabled the creation of financial giants such as Citigroup and Bank of America, said his legislation didn’t make the system any riskier.
The United States Attorney for the Southern District of New York has announced that John Kinnucan, the President of Broadband Research, pled guilty today to conspiracy and securities fraud charges in connection with his participation in an insider trading scheme. He pled guilty before U.S. District Judge Deborah A. Batts.
Citigroup founder Sandy Weill came out Wednesday and suggested that, given the risk to taxpayers, big U.S banks should be broken up. And all over the world, governments, regulators and stockholders are now engaging in a similar debate. But could this big bank be the first to be split up ?
Nomura CEO Kenichi Watanabe and his top lieutenant resigned over an insider-trading scandal as the company indicated there may have been more information leaks than those identified by authorities.
Sean George kneeled in the Church of St. Paul the Apostle in Manhattan. He wasn’t praying. A gash below his right brow bled into his eye and down his nose before a knee to his groin sent him to the floor.
Barclays was mired in fresh controversy on Wednesday night after handing almost £9m to a top banker who left following the Libor scandal and after one of its highest profile non-executive directors suddenly quit, taking the toll at the top to four.
Citigroup and Morgan Stanley hired Perella Weinberg Partners LP to settle a dispute over how much their Morgan Stanley Smith Barney joint venture is worth, people with direct knowledge of the matter said.
The British Bankers' Association was given weekly warnings in 2008 that the process of setting the Libor interest rates was being distorted.
The $1.5 billion Janus Global Unconstrained Bond Fund, managed by Bill Gross , saw inflows of $100 million in the most recent quarter, Janus Capital Group CEO Dick Weil said Thursday.
The Nasdaq index reached a record high on Thursday, topping a record set 15 years ago during the height of the dotcom tech bubble.
Everyone has an office nemesis.