Severe U.K. winter floods and storms will cost insurers around £1.2 billion ($2.0 billion), but the hit to the sector's earnings could be "limited".
That infamous Wall Street party in 2012 was a "private party," not a meeting of a secret society, billionaire investor Wilbur Ross says.
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.
Gold prices started 2016 with a glimmer, rising to two-month highs in the wake of the Chinese stock market rout and the ripple effects it caused in European and US markets.
An insider dealing ring that made £7.4m from trading in just six stock market companies used burner phones, offshore companies, code names and encrypted memory sticks to mask their crimes, a court was told on Thursday.