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BlackRock Beefs Up Top Team

BlackRock Logo

BlackRock, seeking to reverse withdrawals from active funds and boost assets as its acquisition spree ends, is expanding top leadership and shaking up its investment unit in the most sweeping overhaul since it became the world’s largest asset manager.

Madoff Trustee Sues, as Charities Spurn Madoff Money

Bernie Madoff

The liquidator of Bernard Madoff’s estate seeks to stop New York Attorney General Eric Schneiderman from completing a $410m settlement with a former Madoff investor that the trustee said might leave little for customers of the convicted Ponzi scheme mastermind.



Storm clouds

Flash crash trader fails to meet bail conditions

Navinder Singh Sarao, the 36-year-old British futures trader charged with contributing to a sudden plunge in American stock markets, has not met the conditions of his bail, his lawyer said Wednesday in a London court. He has remained in custody since his arrest on April 21.