From the perspective of its balance sheet, Harvard is more of a hedge fund than a university.
There were a few to choose from.
JPMorgan Chase has shuffled management around the world at its newly combined corporate and investment bank to take advantage of any rebound in capital markets.
Before we go off the 'fiscal cliff', or before at least some taxes rise to avoid it, here are ways Wall Street is bracing for the new year. It's the annual list of finance-related cocktails created by Cognito, a financial marketing and PR firm.
Nomura’s Norikazu Akedo will become the sole head of Asia-Pacific equities after joint chief John Adair resigned, said two people with knowledge of the situation.
In the good old days, when Peter Clarke was finance director of Man Group, his job was to count the winnings as the AHL computer programme churned out excellent investment returns and enormous management fees. Back then, annual cash bonuses of £5m or £7m were the norm in the boardroom and executives could expect even bigger windfalls when their share options matured. AHL was a sensation, averaging an 18% annual return.
A hotel maid who claims she was brutally assaulted by Dominique Strauss-Kahn has settled her civil action against the former IMF chief for an undisclosed sum, in a move that allows her to "move on with her life", lawyers said.
Three British men were arrested on Tuesday as part of the investigation by the Serious Fraud Office into the manipulation of Libor.
Another kick in the teeth.
Credit Suisse’s share price reflects a capital hole of $14.1bn, analysts at Barclays said in a note to clients.
The maker of Ferrero Rocher chocolates has agreed to buy Thorntons for £112m after the ailing UK confectioner suffered falling supermarket orders and announced the resignation of its chief executive.
Former International Monetary Fund chief Dominique Strauss-Kahn was acquitted in France on pimping charges this month, but his legal headaches may not be over.