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A $95m Apartment - and $60,000 in Monthly Fees

Money On Hook

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.

SEC Charges Ex-Jefferies Executive with Defrauding Investors

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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.

Ex-Compliance Officer: 'I Had To Tell The Trader What To Do – I Had Two Minutes'

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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.



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Societe Generale sees profit jump, hikes capital

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.