For the first time ever, the 10 highest-paid chief executives in the US received more than $100m in compensation last year, and two took home billion-dollar paychecks, according to a leading annual survey of executive pay.
Jim Kenny, formerly co-head of U.S. investment-grade credit trading at Credit Suisss, has left the bank, according to four people briefed on the matter.
Grupo BTG Pactual, the Brazilian investment bank founded by billionaire Andre Esteves, is working on a bid for JPMorgan’s physical commodities business, said a person with direct knowledge of the matter.
The banking industry could be on the hook for tens of billions of dollars in legal costs if government officials apply the same regulatory standards to other banks that they have in their sweeping mortgage-fraud investigation of JPMorgan, securities analysts tell the Fox Business Network.
Bloomberg TV anchor Betty Liu interviewed three generations of Buffetts on Tuesday morning: Berkshire Hathaway Chairman & CEO Warren Buffett, his son Howard G. Buffett and grandson, Howard W. Buffett.
A former employee of Bernard Madoff on trial for allegedly aiding the con man’s $17bn fraud told investigators in 2008 that he closed his personal investment account two years before the Ponzi scheme unraveled because the consistently high returns made him feel 'sick'.
The U.S. government has failed to produce any evidence to show that Bank of America Countrywide unit committed mortgage fraud in the run-up to the financial crisis, a lawyer for the bank said on Tuesday.
JPMorgan is nearing an agreement worth close to $6bn with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
Outstanding in Business has put together a British LGBT high-flier top 50.
Two executives of SAC Capital Advisors went to the firm’s London offices across from St. Paul’s Cathedral Tuesday to deliver some unwelcome news.
Surges in London property prices have spurred calls the city is a bubble waiting to pop, but investors are still positive on the market.
In a letter Monday, Yellen called an interest rate hike "appropriate" if officials see progress toward labor and inflation goals.
The Federation of Small Businesses has criticised Debenhams after it emerged that the department stores chain was asking for discounts in return for receiving earlier payments.