A former mortgage broker from Brooklyn admitted on Friday to being the glue that held together an insider trading ring that involved the passing of stock tips on Post-it notes and napkins in meetings at restaurants in Midtown Manhattan and at Grand Central Terminal.
Whistleblower Haim Bodek now wants to cut the Big Board down to size — and he has a fighting chance with regulators in his corner, say Wall Street veterans.
Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.
The arrest of one of Russia's richest men last week was an attempt by President Vladimir Putin to protect himself from a palace coup, according to one of his most vocal critics.
In 1998, Peter Thiel co-founded PayPal and four years later sold up for $1.5bn.
Alibaba, the internet trading company founded in a cramped one-bedroom flat in China 15 years ago, stunned investors on Friday by becoming the 18th-biggest company in the world by valuation, ahead of Facebook, Amazon and eBay.
Sad to report.
'I really enjoyed my job when I was in the industry, but I have had enough of it.'
A new survey has found 10% of American workers have showed up to their jobs high.
A Barclays analyst who was arrested for allegedly torturing his New York roommate's cat is no longer employed by the bank — and also may face serious new criminal charges, CNBC has learned.
UBS, which cut its securities unit to focus on wealth management, raised its bonus pool by 14% in 2015, leaving it the only major European bank to award bankers higher compensation.
Bank of America Chief Operating Officer Thomas K. Montag was paid less than Chief Executive Officer Brian T. Moynihan last year for the first time. Montag was awarded $15.5m, compared with Moynihan’s $16m.