September 16 2008 was the day central banks stopped being boring. The day Lehman Brothers went down was the cut-off point between conventional monetary policy – moving official interest rates in baby steps to keep inflation low – and unconventional monetary policy.
The court also heard that he blew £230,000 playing the tables at the Playboy Club after he falsely claimed to have £1m sitting in his account.
Corey Griffin was ecstatic when he called his father Friday night from Nantucket Island. The 27-year-old had just raised $100,000 to fight ALS in honor of his friend, Pete Frates, whose struggle with the disease turned the Ice Bucket Challenge into a viral sensation.
Bank of America's Thomas K. Montag, the bank’s top-paid senior manager, will become sole chief operating officer as co-COO David Darnell takes a new title so he can move to Florida.
A former Rabobank senior trader pleaded guilty in New York to conspiring to manipulate a benchmark interest rate tied to trillions of dollars of securities to benefit his trading positions, the U.S. said.
Standard Chartered is set to pay $200-$300m to settle failed high-risk transactions review allegations by New York Department of Financial Services.
UBS has said it had expanded the number of employees that are subject to internal background checks to around 15 percent of its workforce in a move than came in the wake of numerous scandals.
Deutsche Bank has appointed Richard Shannon as Americas Chief Information Officer (CIO) and Co Head of Group Technology & Operations (GTO) Americas, with Scott Marcar appointed as Head of IT Infrastructure.
Cantor Fitzgerald has announced the appointment of Joseph Pinto as Senior MD and Stephan McElreath as VP in their FX Sales and Trading group.
That walk around the block may not be enough exercise for your dog. Maybe your pet needs to join a gym for a more structured exercise program.
Goldman Sachs has scaled back on FICC trading operations and boosted hiring in compliance in the wake of the financial crisis.
Barclays has poached Paul Compton from JP Morgan Chase to act as its new group chief operating officer.
Total giving by the top 50 philanthropists in America dropped 30 percent last year, totaling $7 billion, and marking the lowest amount since 2010.