By Maseena Ziegler
Wall Street is still attracting a dangerously high portion of the best and brightest business students.
In a stately hearing room stuffed with senators and bankers, Thomas Curry began his apologies. His agency should have stopped a major bank from helping drug cartels launder cash. The violations went on for years while his agency was overly passive.
Facebook, the social networking site, announced on Thursday that it now has one billion monthly active users and the company’s CEO and founder Mark Zuckerberg called it “an amazing honor.”
Hero to zero.
Morgan Stanley's talks with Qatar's sovereign wealth fund over the sale of its commodities business are said to have run into difficulty, and the deal may need to be reworked if it is to go ahead.
Eric Schneiderman, the New York State Attorney General, has made it abundantly clear that the lawsuit he filed against JPMorgan Chase over mortgage-backed securities issued by Bear Stearns is just the beginning. There will be more lawsuits coming.
Twitter CEO Dick Costolo has revealed some interesting information about growing his social media company.
Moelis & Company, the global independent investment bank, has announced the acquisition of Freeport Financial Partners LLC, an investment manager that provides financing solutions to middle market companies. The acquisition expands Moelis & Company’s asset management platform and enables Freeport to benefit from the added resources and global reach of a larger organization.
Nouriel Roubini and Ian Bremmer, president of Eurasia Group, sat down with Tom Keene and Sara Eisen on “Bloomberg Surveillance” this morning to talk the global economy and U.S. politics.
The Greek government was under intense domestic political pressure on Tuesday night over concessions offered to creditors as eurozone finance ministers prepared to discuss a deal to stave off financial collapse in Athens.
The most senior bankers in the City may have to wait 10 years to guarantee that their bonuses will not be clawed back, as a result of a series of measures intended to rebuild public trust in the financial services industry.
The CME Group said it would delay the closure of outcry futures trading in Chicago and New York by a few days.