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Citi to take $300m 'repositioning' charge

Money On Hook

Citigroup will take a $300 million repositioning charge' in the fourth quarter to 'resize infrastructure and capacity' throughout its businesses, Chief Financial Officer John Gerspach said on Wednesday.

Fired Morgan Stanley professional seeks to avoid jail

Computer Hacker

A fired Morgan Stanley financial adviser facing prison for downloading data on hundreds of thousands of customer accounts to a home server says he’s been told the bank 'suspected' Russian hackers got access to the information and offered to sell it on the Internet.

Failed hedge fund sues Citigroup

Citi Building Sign

A failed hedge fund, whose manager was jailed for fraud, sued Citigroup over allegations the bank undervalued assets when it closed out trades at the height of the 2008 financial crisis.

Supercomputers said to entice Wall Street

Wall Street sign

You may soon be able to see every conceivable outcome of a wager, say on interest rates, over many time horizons - thanks to computers that rely on the uncertainty at the root of all matter.



American flag

The lost decade of the top U.S.1%

Incomes for the top U.S. 1 percent have surged since the financial crisis, but are still well below their peak in 2007, according to new data released by the IRS.