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Interview With Bernie Madoff

'At approximately 3:00pm on June 17, 2009, Inspector General H. David Kotz and Deputy Inspector General Noelle Frangipane interviewed Bernard L. Madoff at the Metropolitan Correctional Center, 150 Park Row, New York, NY. Madoff was accompanied by his attorney, Ira Lee Sorkin of the firm of Dickstein Shapiro, LLP, as well as an associate from that firm, Nicole DeBello.

BofA Said To Have Got Another Turn-Down

The Wall Street Journal reports that Bank of New York Mellon CEO Robert Kelly is the latest high-profile candidate to turn down the opportunity of talking to Bank of America about becoming top dog in succession to Ken Lewis.

Are You Sleepwalking Into Retirement Poverty ?

In a week that has seen a call for a rise in the retirement age to 70, new research from Selftrade, the UK’s largest execution-only stockbroker has highlighted the fact that, regardless of the age at which people would like to retire, the vast majority of Britons are sleepwalking into retirement poverty, with the average worker targeting a pension fund that will give them an annual income of less than £7,094.

Top Firm Puts More Aside For Staff Compensation

Bloomberg reports that Deutsche Bank has set aside 31% more for staff compensation over at its corporate and investment banking unit this year, after posting decent third-quarter results thanks to strong sales and trading revenues.