When the Libyan Investment Authority started out in 2007, it had about $60 billion, office space in Tripoli and a lot to learn. Goldman Sachs, keen to do business with the sovereign wealth fund, offered to help.
A federal appeals court has determined that Jesse C. Litvak, a former senior trader at the Jefferies, can stay out of prison while he appeals a conviction of defrauding investors in mortgage-backed securities.
JPMorgan Chase’s data breach that exposed the names and contact information of millions of customers is being probed by attorneys general in Connecticut and Illinois.
Bitcoin lost nearly a fifth of its value over the weekend, raising concerns that investors are losing faith in the cryptocurrency.
Mohamed El-Erian, who quit Pacific Investment Management Co. in January amid reports of clashes with Bill Gross, said he was surprised by the events surrounding the departure of the star bond manager last week.
JPMorgan has completed the sale of its physical commodities unit to Mercuria, the fast-growing Swiss trading house said on Friday as it expands into metals and North American markets to enter the top league of commodities traders.
Former SAC Capital portfolio manager Mathew Martoma, scheduled to begin a nine-year prison sentence Nov. 10 for what the U.S. called the most lucrative insider-trading scheme ever charged against an individual, asked a court to let him stay free while he appeals.
Britain’s financial services sector is growing at the fastest rate since before the financial crisis, according to the latest snapshot of the industry from the CBI.
Ebola's contagiousness rate is much less other diseases. On average, an infected person passes the virus on to just two others.
Forbes has come out with a "self-made score" for billionaires to determine on a scale of 1 to 10 how self-made today's billionaires really are.
Goldman Sachs added compensation practices to the list of matters receiving legal and regulatory scrutiny.
Two years after buying it, Carlyle Group will shut down a hedge fund-of-funds manager that was a prong in its push to expand beyond private equity.
The richest fifth of the population are worse off now than they were before the financial crash, but the poorest fifth have typically become better off, according to official figures which could spark controversy among anti-austerity campaigners.