UBS Group CEO Sergio Ermotti sent a message to employees Thursday announcing leadership changes, including the appointment of a new Chief Risk Officer.
by Jesse Eisinger, ProPublica.
We may have avoided another 'Lehman moment' this week - and not even realised it.
With 'Occupy' protesters showing up in parks here, there and everywhere, I started to wonder who their worst enemy - the 1% - actually was. As I discovered, the 1% was me, and most of the people I know.
Here's the deal:
Saudi businessman Ghazi Abbar, who claims in an affidavit he lost $383m of his family's fortune on investments with Citigroup Inc., was sold one of the transactions even though the bank questioned his ability to properly manage them, according to an internal memo.
Dubai, United Arab Emirates – Demand for skilled banking staff is outstripping supply in the Gulf region at a time when the Western banking industry is drastically cutting its workforce, according to an Accenture survey of 47 executives at major banks in the Gulf Cooperation Council (GCC).
Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with "vigilance" in light of tumultuous market circumstances.
Former investment banker Graeme Porteous was slammed into a tree in the Italian Alps whilst skiing with a group of friends
Ronald Read, a Vermont gas station attendant and janitor, invested in recognizable names when he amassed an $8 million fortune, his attorney said.