Bumi, the mining investment vehicle founded by Nat Rothschild, has widened its internal investigation into alleged financial impropriety to include possible email hacking and the origin of a whistleblower's report that first revealed the crisis at the FTSE-250 firm.
Citigroup paid a hedge-fund manager with a doctorate in finance more than $200m over five years to save the bank from the brink of collapse. Now it’s turning to a former Harvard football lineman to run it better.
Rajat Gupta, the ex-Goldman Sachs main board director who is set to be sentenced October 24th for insider trading, should be given probation and ordered to perform community service that could include either working with New York youth or the poor in Rwanda, his lawyer said.
A man has been arrested in New York for allegedly trying to blow up the Federal Reserve with what he believed was a 1,000lb bomb but was in fact a fake device provided by federal agents.
Like most Wall Streeters, Michael Corbat - the 52 year-old Connecticut native tapped on Tuesday to assume the reins of the troubled mega bank Citigroup - has an Ivy League pedigree and a background steeped in trading, corporate and investment banking.
Bankers in Britain could in the future face being struck off an industry-wide register if they misbehave, if plans being drawn up by a U.K. banking group go ahead.
Here are links to last week's top 15 stories.
Now this guy really doesn't hold back.
Goldman Sachs trainees were routinely forced to attend 6am 'bootcamps', according to a book by a former employee who earlier this year accused the bank of having a 'toxic' culture.
Citigroup insisted late Tuesday that the abrupt departure of CEO Vikram Pandit wasn’t precipitated by any looming bombshells and won’t result in a dramatic shift in strategy for the banking behemoth.
Alisdair Gayne, head of corporate broking at Barclays, is staying at the bank after spurning an approach to join UBS as chairman of its investment bank, a person with knowledge of the matter said.
Credit Suisse has hired Cameron Lester, a general partner at venture-capital firm Azure Capital Partners, as head of global Internet investment banking.
The Securities and Exchange Commission has charged Deutsche Bank with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the billions of dollars.