Gleacher & Company has announced that Eric J. Gleacher has resigned as Chairman of the Company’s Board of Directors and as an officer and director of the Company, and will be leaving the firm.
It may be hard to summon tears for John Hourican, who could soon be obliged to leave Royal Bank of Scotland with £4m in bonuses.
Sad to report.
The U.S. Federal Energy Regulatory Commission correctly found that traders for Barclays had gamed energy markets, agency staff said in a report backing $488m in penalties on the bank and its former traders.
Maintenance fees in Manhattan have continued to climb throughout the recession even as prices dipped, driven mostly by higher costs of building insurance, underlying mortgages, fuel and building staff, like doormen and supers.
Royal Bank of Scotland fell the most in four months after the Wall Street Journal reported U.S. authorities are seeking a guilty plea to criminal charges as part of any settlement of allegations of interest-rate rigging.
The Securities and Exchange Commission has charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding investors while selling mortgage-backed securities (MBS) in the wake of the financial crisis so he could generate additional revenue for his firm.
At least this firm has a decent CEO to fight its corner.
He got in touch offering insights into "compliance" in financial firms as well as into "algorithmic trading". A philosophy as well as business school graduate, he worked in compliance for seven years in a bank and then a brokerage before switching to academia, with interests in the anthropology of finance. He is a modest yet self-assured man in his early 30s, from continental Europe. He orders a coffee.
Here's the Top 10 from the The Financial Times Global MBA Ranking 2013.
France's second-largest listed lender, Societe Generale posted a better-than-expected 25 percent increase in net income in the three months to June of this year as the bank said it planned to hike its capital buffer.
More criminal charges are to be brought against individuals suspected of rigging Libor following the conviction of Tom Hayes, according to the head of the Serious Fraud Office.
Nasdaq has reported two outages of its Trade Reporting Facility (TRF) Tuesday.