Citigroup and Goldman Sachs are among Wall Street firms planning to shift operations to other cities and have staff work from home as Hurricane Sandy’s arrival in New York forces evacuations.
Here’s the email from Goldman’s Chief Administrative Officer, Jeffrey W. Schroeder, on Hurricane Sandy sent to staff Sunday night.
Here's the email Citi's Office of Emergency Management sent to staff Sunday on the subject of Hurricane Sandy.
It is one of the world's largest hedge funds, with $121bn under management, but its name is virtually unknown in financial circles. Braeburn Capital is not operated from the top floor of a Manhattan skyscraper or a plush Mayfair townhouse. It is located in a quiet suburb of Nevada's capital, Reno, and it belongs to Apple.
The Bank of England's handling of the financial crisis will face fresh scrutiny this week when three reviews commissioned by the central bank are expected to be published.
The U.S. securities industry canceled equity trading on all markets today, moving to protect workers as Hurricane Sandy barreled toward New York City with 70-mile-per-hour winds and the threat of an 11-foot sea surge.
It's like a war zone.
Kweku Adoboli repeatedly broken down in tears on Friday as the former UBS "rogue trader" defended himself against charges that he gambled away £1.5bn of his Swiss bank's money.
Hurricane Sandy is barreling its way up the Atlantic ocean on its way for a collision course with the northern mid-Atlantic.
Four years after the financial crisis began in earnest, the public has struck something of a devil's deal with the financial system: the only thing we demand of banks is that they make an effort to orderly and stable.
A harsh winter, a strong dollar and falling oil prices took their toll on the US economy in the first quarter, the Commerce Department revealed on Friday.
Oh, well OK.
Goldman Sachs tried to poach Thomas Hayes from UBS in 2008 with the promise of a $3m signing bonus, according to documents at a London trial.