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Friend of Madoff pays $277m to settle suit


The estate of one of Bernard Madoff’s oldest friends agreed to pay the con man’s victims $277m to settle claims that the Beverly Hills money manager, who died in 2010, got rich from Madoff’s fraud at the expense of thousands of investors, including his own clients.

ANZ continues retreat from Asian wealth management

Business Hand Shake

Australia & New Zealand Banking Group’s sale of businesses in five Asian markets to DBS Group Holdings offers the latest sign of consolidation in the region’s highly competitive wealth industry, which has already seen a retreat by European players like Barclays and Societe Generale.



Everton's Romelu Lukaku looks dejected

Ronald Koeman needs Romelu Lukaku to get Everton back on track

Wayne Rooney heading back to Everton makes a great story but let’s face it, Ronald Koeman was only answering a question. Probably as keen as anyone else to change the subject after five winless games, the Everton manager was not about to turn down the invitation to wax lyrical about a Goodison old boy, though he has enough problems at the front of his own team without importing an extra enigma from Manchester United.