Here's a few interesting links to some Bloomberg, Fox Business, New York Times and Reuters stories currently doing the rounds. RBS Penalized $1.9 Million in Credit Auction 'Math Error'
UBS Group CEO Sergio Ermotti sent a message to employees Thursday announcing leadership changes, including the appointment of a new Chief Risk Officer.
by Jesse Eisinger, ProPublica.
We may have avoided another 'Lehman moment' this week - and not even realised it.
With 'Occupy' protesters showing up in parks here, there and everywhere, I started to wonder who their worst enemy - the 1% - actually was. As I discovered, the 1% was me, and most of the people I know.
Here's the deal:
Saudi businessman Ghazi Abbar, who claims in an affidavit he lost $383m of his family's fortune on investments with Citigroup Inc., was sold one of the transactions even though the bank questioned his ability to properly manage them, according to an internal memo.
The U.S. economy will rebound so sharply in the second quarter that the U.S. Federal Reserve could hikes rates twice this year, according to Alain Bokobza, head of global asset allocation at Societe Generale.
Paul Tudor Jones, who last week warned of the rising wealth gap sparking a revolution, just spent $71 million on an estate in Palm Beach, Florida.
Two members of UBS's Wealth Management Americas' executive committee have stepped down, while Robert McCann, the bank's most senior executive in the United States, is among six officials whose titles have changed from chief executive to president.