The Department of Justice has a warning for Wall Street in the wake of last week's takedown of an alleged Russian spy ring operating in New York: Foreign intelligence services are actively trying to penetrate the U.S. financial system.
Bill Gross and his family own more than half of the bond fund he runs on behalf of Janus Capital Group Inc., after acquiring their shares through brokerage accounts at Morgan Stanley and Charles Schwab Corp.
HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files.
Thomas Gilbert Jr. is accused of murdering the 70-year-old founder of Wainscott Capital Partners in a dispute over a cut on his monthly allowance.
BNP Paribas has slashed the bonuses for its top executives to reflect the impact of last year’s $8.9bn fine for US sanction violations that almost wiped out its annual profit.
For one oil industry veteran, the dismantling of the Brent oil field in the North Sea prompts mixed feelings. There is gratitude for the livelihood earned from Britain’s post-war energy boom. And relief that it means farewell to “hell on Earth”.
America’s fracking revolution is becoming a victim of its own success. The controversial boom in shale gas and oil has driven the US economic recovery and helped lower world crude prices. But a price plunge from $115 (£75) a barrel last June to just above $50 last week means many shale operations no longer pay.
Modern-day capitalism has no shortage of heavyweight scholars - names such as Milton Friedman, Adam Smith, Friedrich von Hayek and Murray Rothbard are among the most prominent names that surface among free market thinkers. Yet the person most frequently evoked by proponents and detractors alike was neither a trained economist nor a traditional businessperson.
Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move has told Reuters.
Standard & Poor's downgraded Greece's credit rating one notch and warned of a narrowing window for the government to agree on a new financing program.
Welcome to the banking industry.
Credit Suisse has hired Jeffrey Cohen from Lazard as the firm seeks to expand its retail and consumer products investment-banking business.
Warren Buffett’s holding in Wells Fargo reached 10%, a level that triggers a Federal Reserve review and could prevent him from buying more shares until he receives regulatory approval.