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HSBC sees high-level shakeup amid revenue fall

HSBC Canary Wharf

HSBC, one of the largest hedge fund investors in the world, has recently lost four senior people in the private banking unit that is responsible for picking the best money managers for their wealthy clients.

European bank CEO pay

Five Euro Note

Germany is home to Europe's best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.



Bernie Madoff

$2.5bn Madoff compensation goes unclaimed

Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.