It's good to be top dog.
Craig Kugel, a former employee of Bernard L. Madoff Investment Securities LLC ('BLMIS'), pled guilty Tuesday to a five-count Superseding Information charging him with one count of conspiracy, as well as substantive counts of making false statements and subscribing to false U.S. individual income tax returns.
Here's a couple of interesting Bloomberg stories.
While UK homeowners worry about falling house prices and rising mortgage rates, the buy-to-let market is booming.
Mario Draghi, president of the European Central Bank, has dashed investors' hopes of fresh emergency measures to contain the crisis in the euro area, leaving borrowing costs across the 17 member countries unchanged.
No cutting back on the cutbacks.
Here we go again.
Bloomberg reports that JPMorgan Chase may report a $4.2bn second-quarter trading loss in its Chief Investment Office, according to an estimate by International Strategy & Investment Group Inc.
The U.S. Commodity Futures Trading Commission (CFTC) has issued an order filing and settling charges that, over an 18-month period, Morgan Stanley unlawfully executed, processed, and reported numerous off-exchange futures trades to the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) as exchanges for related positions (EFRPs).
It's not every day the average Internet user gets to ask the world's fourteenth richest person any question he or she desires, but Facebook users were treated to just that on Tuesday evening.
Greece has vigorously rebutted speculation that it will declare a debt default and plunge out of the eurozone if it fails to strike a deal with lenders to keep its bankrupt economy afloat.
Next chief executive Lord Wolfson has pledged to raise shopfloor wages at the retailer by at least 5%, offering to share his bonus among staff if there is a shortfall in funding.