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Top Firm President Enjoys A $64m Cash Out

Pile Of Coins

Blackstone Group President Tony James earned $64.2m last week by selling a fraction of his stake in the world's largest alternative asset manager at a time when its shares are hovering near a five-year high.

Wall Street Legend Dies


Alger 'Duke' Chapman Jr., who led Shearson Hammill & Co. through its merger into Sanford Weill’s Hayden Stone Inc. in 1974, a milestone in the growth of finance industry mega-companies, has died. He was 81.




Trader said he made mistakes

Tom Hayes, a former trader on trial on Libor manipulation charges, told a London court on Wednesday he had made mistakes and 'educated guesses' during interviews with investigators while he was cooperating with Britain's Serious Fraud Office (SFO) in 2013.