Citigroup appears to have evidence of wrongdoing at the bank.
Jonathan Egol, a Goldman Sachs trader whose desk produced the security that prompted the Securities and Exchange Commission to sue the firm, has retired.
Goldman Sachs is in hiring talks with about 10 people as it seeks to expand Australian businesses from trading to capital markets with global banking regulation forcing some competitors to dial back.
The woman who ran Bernard Madoff’s investment advisory business admitted she didn’t tell federal investigators in 2009 that her duties included backdating trades and turning stocks into bonds with a few pen-strokes.
Former SAC Capital Advisors portfolio manager Mathew Martoma asked a U.S. judge to throw out his insider trading conviction, saying federal prosecutors did not prove he committed a crime and that improper evidence and jury bias tainted the verdict.
The richest people in the world are now worth a combined $6.4 trillion, according to Forbes. That record breaking number is up from $5.4 trillion last year.
Even the world’s most successful investors can get it wrong.
Blackstone Group chief Steve Schwarzman received $374.5m last year in pay and cash dividends, an increase of 76% from 2012, as the world’s biggest alternative-asset manager took advantage of rising equity markets to sell shares of companies.
US regulators have begun looking into whether major Wall Street firms, including Goldman Sachs and Citigroup, have favoured top investors over others in the sale of bonds for some of the world’s largest companies.
Taking on the CEO job at the Royal Bank of Scotland was never going to be the easiest of tasks, but even Ross McEwan seems slightly stunned by just how much has happened in his first five months in the job.
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Volkswagen has said the number of cars with irregular carbon dioxide levels is far lower than originally feared, providing some much-needed respite for the beleaguered German carmarker.
A fired Morgan Stanley financial adviser facing prison for downloading data on hundreds of thousands of customer accounts to a home server says he’s been told the bank 'suspected' Russian hackers got access to the information and offered to sell it on the Internet.