Rengan Rajaratnam, the younger brother of imprisoned hedge-fund founder Raj Rajaratnam, was taken into custody by FBI agents Sunday when he arrived at John F. Kennedy International Airport on a flight from Brazil, a person familiar with the matter said.
A day after Cyprus struck an 11th hour bailout deal with international creditors, economists warned of the devastating impact it would have on the Cypriot economy as ordinary Cypriots attempted to come to terms with a new reality.
The Securities and Exchange Commission has approved a plan offered by the Nasdaq OMX to compensate investors for the botched 2012 Facebook initial public offering, sources told CNBC.
In case you missed them, here's last week's top stories.
The synthetic CDO is back.
So, a drug addict, a drunk, a sex addict, a gambler and a banker are all at a group therapy session.
Bonuses at Wall Street firms will rise 15% this year despite ongoing pressure from investors, regulators and politicians about compensation levels, according to compensation-consulting firm Johnson Associates Inc.
Bank of America’s Matthew Montana, who ran international equities trading from New York, was among more than 30 trading and sales employees dismissed this month, people with direct knowledge of the moves said.
When RBS executive John Hourican left the bank last month with the dramatic 'they shouldn’t waste my death', fellow investment banking chief Rich Ricci felt his pain.
On Thursday 11 July, a group of sporting legends and TV Presenters will take on a challenge with a difference.
Recent events in Shanghai’s stock markets have been all too reminiscent of the tales that have entered American folk memory from the days of the Wall Street crash in 1929: of stock-tipping shoeshine boys, exhausted traders, and ticker-tape machines spooling late into the night.
Business appears to be slow at the Mercedes-Benz showroom in the Jing’an district of Shanghai.
The British trader accused of contributing to the 2010 flash crash is making another attempt to reduce his $7.8m bail after spending the last three months in jail.