Bank of America experienced widespread outages Friday on its website and mobile banking apps due to an internal technical malfunction, according to a person familiar with the situation.
By Bloomberg Editors
Anonymous hackers have targeted Twitter last week and gained access to roughly 250,000 user accounts though only "limited information" such as email addresses was compromised, the microblog said on Friday.
Financials Push US$ Investment Grade over $100b
If the cap fits.......
Russell Wasendorf Sr., the founder of the bankrupt commodities firm Peregrine Financial Group Inc., was sentenced to 50 years in prison for what prosecutors said was a theft of more than $215m from customers.
Barclays CEO Antony Jenkins has confirmed he will take no bonus for his work in 2012.
Preet Bharara, the United States Attorney for the Southern District of New York, has announced that ROOMY KHAN has been sentenced to one year in prison.
Edward I. Koch, the outspoken three- term New York mayor who led the biggest U.S. city from the brink of bankruptcy in the late 1970s and boosted the spirits of crime-weary residents, has died. He was 88.
A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers employees seeking to hold onetime CEO Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy.
Mariano Gaut, a 20-year Citigroup veteran who most recently served as the bank's co-head of Latin America capital markets origination, has left the firm, two sources familiar with the situation told IFR.
Barclays has hired Reinhard Koester as a managing director covering specialty finance companies in the United States, according to people familiar with the matter who asked not to be identified because the appointment is not yet public.