Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behavior.
Fresh evidence is emerging of the spendthrift lifestyle of the directors of the once-mighty Caja Madrid savings bank even as the 300-year-old institution drifted into crisis.
American International Group Inc. (AIG)’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s stock.
London has more billionaire's per capita than any other country.
Noted stock market bear Albert Edwards is back and as downbeat as ever.
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as updated on major cyberattacks as they are on Russian incursions into Ukraine or attacks by the Islamic State.
Completed distressed debt and bankruptcy restructuring activity totalled US$118.9 billion during the first nine months of 2014, a 7.5% increase from the same period last year.
In 1988, Karen Hester took a job as a part-time cleaner at Adnams to earn money while caring for her two children. Now she runs the entire company’s day-to-day operations and will join the Suffolk brewer’s board as its first female executive director in April.
George Perez, a former computer programmer for Bernard Madoff who was convicted in March of aiding his boss' massive Ponzi scheme, got support from a noteworthy source this week: Madoff himself.
Burberry CEO Christopher Bailey has come top in a new report ranking the world's top lesbian, gay, bisexual, and transgender business leaders.
ABN Amro Group reported a 32% drop in fourth-quarter profit, missing estimates, as lending income declined and regulatory costs rose after its comeback as a publicly traded company.
Warren Buffett lost a little ground in the eighth year of his $1 million 10-year wager that an inexpensive plain stock index fund will outperform high-fee hedge funds.
Royal Bank of Scotland enjoyed tax breaks and deferrals amounting to an estimated £1bn after financing the film distribution rights to a string of blockbusters including Troy, Batman Begins and two of the Harry Potter series.