Bill Gross, the 70-year-old king of bonds, rushed through the offices of his $2tril empire on a Friday morning distributing hand-written notes. He knew his reign was over.
Seems like everywhere you turn these days, there's a whistleblower breaking their silence and blowing the whistle on some form of wrongdoing. But, surprisingly, what we don't hear much about are Wall Street whistleblowers tapping into a giant $425 million jackpot just waiting to be distributed.
Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.
For years, the London rich have been on a subterranean building spree. Rather than building up, which often violated zoning rules, they built down, carving out underground swimming pools, cinemas, Ferrari museums and personal spas. Brits came to call them "iceberg homes" since most of their mass was hidden below the surface.
Goldman Sachs and Credit Suisse left at the altar.
During their spare time!
Law firms are again paying big annual bonuses to lawyers who have put in years of working long hours on corporate deal documents, litigation papers and complex contracts.
A New York state appeals court on Tuesday revived a lawsuit accusing UBS of fraudulently causing $331m of losses from collateralised debt obligations issued before the financial crisis.
Amazon’s chief executive, Jeff Bezos, has admitted that he has made billions of dollars of failures on experiments, including the failed Fire Phone.
Pacific Investment Management Co.’s biggest mutual fund suffered $9.5bn in withdrawals in November, the second full month after the surprise departure of former manager Bill Gross.
A former shareholder of Promsberbank, a lender whose license was revoked last year, was arrested in Moscow earlier this month as regulators probe trades handled by Deutsche Bank that may have been used to launder money, according to two people with knowledge of the investigation.
If you were wondering where four days of your life went last year, you now have the answer: London traffic jams.
A few coveted Ferraris helped offset weakness in other models at a classic cars auction at Amelia Island, Florida, at the weekend.