A former Bernard Madoff employee who helped create fake securities trades to trick customers for years avoided a prison sentence, the third ex-worker to do so after assisting in the prosecution of one-time colleagues.
Tom Hayes, a former trader accused of conspiring to rig benchmark interest rates, abandoned an attempt to enlist his step brother into the alleged scam after deciding it was wrong to ask for his help, a London court heard on Wednesday.
Morgan Stanley Chairman and CEO James Gorman defended the 25 percent pay hike he was awarded last year - reportedly the highest among Wall Street chief executives - saying it was justified by the bank's performance.
Wall Street’s gorilla wants back in the jungle.
News flash: We all lie! Behavorial economist Dan Ariely explains why - and how it's contagious.
Highland Capital Management asked a Texas judge to order Credit Suisse to pay the debt manager its losses on a $250m refinancing of a shaky real-estate development
Royal Bank of Scotland could pay as much as $4.5bn to resolve claims of misconduct in its handling of U.S. mortgage securities, according to Bloomberg Intelligence.
JPMorgan’s $500m settlement with pension funds over Bear Stearns’s sale of mortgage-backed securities was approved by a federal judge.
The chief executive of the world’s largest oil company will on Wednesday face two of the firm’s most persistent environmental activist shareholders – a nun from New Jersey and a friar from Milwaukee.
Tesco has slumped out of the world’s brand premier league and been overtaken by the German discounter Aldi in the latest sign of the damage caused by a £263m accounting scandal and errors on pricing, quality and customer service.
More coffee, please! A Chicago woman is suing Starbucks for allegedly serving her too much ice and too little caffeine in its cold beverages.
Australian entrepreneur Craig Wright has identified himself as Satoshi Nakamato, the pseudonymous creator of the digital currency bitcoin.
Warren Buffett says Wall Street's real source of wealth is not based on its strong investment acumen.