Frank DiPascali, Bernard Madoff’s right hand man for 30 years as Madoff orchestrated the his epic Ponzi scheme, died late last week before he could be sentenced for his role in what was likely the largest financial fraud in history.
JPMorgan has hired Keith Canton to be the firm’s head of private capital markets, as the pace of pre-IPO financing accelerates.
Citigroup said it may plead guilty amid a US Department of Justice probe into its foreign exchange business.
Goldman Sachs must repay $80m with interest that National Australia Bank invested in a mortgage security before the financial crisis, a Financial Industry Regulatory Authority arbitration panel said.
Nomura and Royal Bank of Scotland may face $500m in damages for what a judge called an 'enormous' deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.
The government has cut its stake in Lloyds Banking Group to less than 20%, taking the amount returned from the bailed-out bank to the taxpayer to more than £10bn.
Richard Herman, global head of fixed income and currencies at Deutsche Bank, told employees he’s leaving after 20 years at the company to pursue interests outside of finance.
Comcast Corp. awarded its new chief financial officer Michael Cavanagh, a former top JPMorgan banker, a pay package worth $29.7m to join the largest U.S. cable company.
Comcast said Monday it has named Michael Cavanagh as its new chief financial officer.
Count Bill Gross among the world’s biggest philanthropists.
Berkshire Hathaway held its annual shareholders meeting on Saturday, and attendees listened closely to Chairman and CEO Warren Buffett and Vice-Chairman Charlie Munger at what observers call "Woodstock for Capitalism."
It was the best of times, it was the wurst of times at Credit Suisse's annual general meeting (AGM), as shareholders waved through controversial pay deals for its top team despite protests - and comfort ate frankfurters.
Royal Bank of Scotland has revealed that Swiss authorities are scrutinising its Coutts subsidiary as it reported a near £1bn loss for the first three months of 2016.