PHILADELPHIA - A 27-year-old man who pretended he worked as a high-flying banker at Deutsche Bank (and The International Monetary Fund) who reeled in unsuspecting females on social networking sites and then stole thousands of dollars from them, has received a 42 month jail sentence for his troubles.
Much has been made in the press about the fact that, according to William Cohan's new book about Goldman, firm CEO Lloyd Blankfein has a 'secret door' which leads out from his office to who knows where.
The Wall Street Journal reports that, according to its sources, Bank of America auditors are reviewing how come the firm's CFO (Chuck Noski) and CAO (Neil Cotty) didn't appear to have been consulted before the bank disclosed that its request to the US Federal Reserve to increase its dividend payments had been turned down.
Credit Suisse has announced that it has raised $5.5m in relief funds for victims of the recent earthquake and tsunami in Japan.
André Kostolany (February 9, 1906 – September 14, 1999) was a stock market expert, bon vivant and Chevalier de la Légion d'Honneur. He worked most of his life in France and Germany.
London - Rollonfriday has an email recently sent, apparently at the behest of HR, to 'All Trainees' over at law firm Allen & Overy about the way 'female trainees have been dressing around the office'
NYU's Stern School of Business has released a league table that ranks the 77 US financial institutions its research has concluded are capable of doing the most damage to the US financial system in the event that they got into trouble.
Here's the first post by 'The Watcher', a financial markets professional who will be venting from time to time for the benefit of Here Is The City readers.
The Financial Industry Regulatory Authority (FINRA) has announced that it has fined UBS Financial Services, Inc., $2.5m, and required UBS to pay $8.25m in restitution for omissions and statements made that effectively misled some investors regarding the 'principal protection' feature of 100% Principal-Protection Notes (PPNs) Lehman Brothers Holdings Inc. issued prior to its September 2008 bankruptcy filing.
Intellect, the trade association for the technology industry, has issued a response to the interim report from the Independent Commission on Banking.
Bank of New York Mellon Corp has disclosed in a filing that U.S. regulators are considering charging it with violating U.S. foreign bribery laws after an investigation into internships it gave to relatives of sovereign wealth fund officials.
Jean-Claude Juncker’s €315bn (£235bn) investment blueprint has the potential to ease Europe’s unemployment crisis by creating more than two million new jobs, the International Labour Organisation said.