The phrase 'graduate without a future' came into my head while I was lecturing students in the politics society at Birmingham University.
BlackRock has announced that it has entered into a definitive agreement whereby it will acquire Swiss Re Private Equity Partners AG ('SRPEP'), the European private equity and infrastructure fund of funds franchise of Swiss Re. BlackRock and Swiss Re have also entered into a strategic alternative investment relationship agreement, centered on BlackRock Alternative Investors ('BAI'), which reinforces Swiss Re’s current investments in SRPEP products and establishes other future Swiss Re commitments to the BAI platform.
Barclays CEO Bob Diamond has resigned.
Barclays' settlement of about $451m with U.S. and U.K. regulators last week offered the first glimpse of what banks may have to pay to resolve a global probe of interest-rate manipulation. The question now is who’s next.
David Cameron has announced that a joint committee of MPs and peers will investigate the banking industry by the end of the year, in the wake of growing political anger at recent scandals.
One firm has already broken ranks. Will others follow ?
Ex-Citigroup VP Gary Foster was sentenced to 97 months in prison for embezzling almost $23m from the bank, federal prosecutors said.
By Dan Ariely
The interest rate rigging scandal that has engulfed Barclays was the result of a coordinated attempt at collusion by traders working for a coterie of leading banks over at least five years, according to a series of lawsuits and legal rulings filed in courts in Asia and North America.
Peter Madoff pleaded guilty Friday to enabling his brother Bernard Madoff to pull off the biggest Ponzi scheme in U.S. history - though Bernie's brother denied knowing the business was a sham until the firm collapsed.