Spanish police arrested former JP Morgan Chase trader Javier Martin-Artajo on Tuesday as he prepares to fight possible extradition to the United States over a $6.2 billion financial scandal at the United States' largest bank. The arrest came after the (...)Read the rest of this entry ?....?
A unit of UBS AG (UBSN.VX) will pay nearly $4.6 million to settle allegations by multiple state securities regulators that unregistered sales assistants accepted clients' orders to buy and sell securities, New Jersey's highest law enforcement agency announced. U.S.-based UBS (...)Read the rest of this entry ?....?
U.S. regulators have asked Nasdaq OMX Group (NDAQ.O) and NYSE Euronext (NYX.N) to come up with a timeline of Thursday's three-hour trading disruption, but the rival exchange operators have been unable to agree on the details, according to several sources familiar with the situation (...)Read the rest of this entry ?....?
A federal judge on Monday threw out Bank of America Corp's (BAC.N) lawsuit against the Federal Deposit Insurance Corp over $1.7 billion of investor losses stemming from the collapses in 2009 of a large regional bank and a large mortgage (...)Read the rest of this entry ?...?
Bank of New York Mellon Corp (BK.N) may have to get in line behind former customers of Sentinel Management Group who are seeking to recoup money lost in the futures broker's 2007 collapse, a U.S. appeals court ruled on Monday. The U.S. (...)Read the rest of this entry ?...?
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Goldman Sachs Group Inc (GS.N) lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to the matter said on Monday. Last Tuesday, an upgrade of Goldman's internal (...)Read the rest of this entry ?...?
UBS Financial Services Inc of Puerto Rico on Monday prevailed in a legal battle over a shareholder derivative lawsuit filed by pension plans in Puerto Rico, when the U.S. Supreme Court formally dismissed the case. The high court had been (...)Read the rest of this entry ?...?
This ain't hard time. Fat-cat financial felon Raj Rajaratnam is kickin' it big in the Big House - with a personal "manservant" at his beck and call, a prison insider tells me. "He's reigning like a king," said the source (...)Read the rest of this entry ?...?
The trustee seeking money for victims of Bernard Madoff has reached a $98 million settlement with Maxam Absolute Return Fund, which fed cash into the imprisoned swindler's Ponzi scheme. The accord, disclosed in court papers filed in U.S. Bankruptcy Court in Manhattan (...)Read the rest of this entry ?...?
Former JPMorgan executive involved with the London Whale Scandal was Caught and Released Former JPMorgan (JPM) employee Javier Martin-Artajo, who was arrested by Spanish police earlier on Monday in connection to a trading scandal at the bank, has been released from custody, according to a Spanish court source....?
Tuesday Morning Compliance News Roundup A Bitcoin trade group met yesterday with the U.S. Treasury Department's Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency....?
For New York Magazine's Fall Preview issue, we asked 50 local retailers (and e-tailers) which goods they were most excited to stock for the upcoming season. Click through the gallery ahead to see their responses, from bright bike locks and chunky throws to leather aprons and studded ankle boots....?
After losing his job at the investment bank Donaldson, Lufkin & Jenrette when it was sold to Credit Suisse, he received a phone call from the office of Hamilton E. James, the executive who had orchestrated the sale, Mr. Dias said. Mr. James was starting a new role as the No. 2 at the Blackstone Group, a big investment firm, and wanted Mr. Dias to join him...?
Celine Dion has long been one of the top-earnering women in music, and her real estate portfolio reflects her incredible wealth. Across North America, the grammy-winning diva owns 6 properties. Now, the international superstar has just listed the crown jewel of her real estate holdings - a 5.5 acre, 17,000 square foot estate with water park - for $72 million!.....?
JCPenney doesn't have Bill Ackman to kick around anymore.
The New York hedge-fund billionaire - who surrendered his seat on the retailer's board this month after picking a public fight with fellow directors over hiring a new CEO - has sold his 18-percent stake in the company.....?
Imagine a world where a guy can make $12 million in three minutes, where blow jobs are a perk of the gig, dwarfs are tossed to raise employee morale, and inhaling anthills of coke, Scarface style, is encouraged. Now imagine a world where a studio would pass on a movie with a subject that titillating, even if it came tied in a ?Leonardo DiCaprio-and-Martin Scorsese bow....?