'It is a bloodbath'.
Never good to lose big.
WhatsApp? Not Goldman Sachs.
Less than two years after he was ousted as CEO of Citigroup Vikram Pandit is collaborating with the co-author of the popular 'Freakonomics' book series to launch a new consulting business aimed at helping companies improve their cultures and use of technology.
Jamie Dimon, who survived a shareholder proposal in 2013 to split his chairman and CEO roles atop JPMorgan, won’t face the same threat this year.
A former hedge fund analyst has been charged with stealing confidential computer data from his previous employer, the latest crackdown by the Manhattan district attorney on suspected violations of cybersecurity.
A busy week.
Citigroup boosted CEO Michael Corbat’s compensation 25% to about $14.4m for 2013, his first full year running the company.
Shigeru Echigo, a Deutsche Bank salesman in Tokyo who was charged with bribery for spending too much on entertaining clients, has left the firm.
JPMorgan revised its gauge of market gains and losses to incorporate new regulatory requirements, resulting in a jump in the frequency of losses last year.