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MF Global officials settle litigation suit

Jon Corzine

Jon Corzine and other former MF Global Holdings officials have reached a $64.5m settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage's 2011 bankruptcy.

The interesting revelations in new GSElevator book

Elevator panel

The most scandalous episodes in the new book by @GSElevator aren't the many salacious stories of deviance, debauchery, and excess but rather alleged bond market practices that include horse-trading of favours between bankers and investors — and a secret handshake agreement struck in a Hong Kong hotel.

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UK

Goldman Sachs now expects UK recession

Britain is likely to enter a recession within the year as a result of last week's vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs' top economists said on Sunday.

Globe

Deals and takeovers on hold following Brexit vote

Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals on Friday, after a British vote to leave the European Union poleaxed company valuations and executive confidence.

London

London lawyers - 'Don't panic'

As the reality of Britain’s exit from the European Union set in Friday, London’s top lawyers worked to reassure anxious clients that everything was going to be fine, even if they couldn’t offer firm predictions about what happens next.