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Aaron Elstein

Aaron Elstein is a senior reporter at sister publication Crain's New York Business.

Displaying 67 results

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Why the SEC whiffs on prosecutions — can Walter do better?

Three strikes in November alone for regulator trying to nail financial crisis culprits.

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Private-equity guys cash out while they can

In 2010, The Carlyle Group acquired NBTY Inc., which sells vitamins under the Nature’s Bounty label, in a…

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Largest U.S. privately held bank still hasn’t paid back TARP loan

A year after taxpayers bailed out the nation's financial system, every major bank in New York has settled its debt with Uncle Sam except one: Emigrant Savings Bank.

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Rogue trading on rise

Four days after Galleon Group founder Raj Rajaratnam was arrested on insider-trading charges, hedge fund manager Bill Ackman ap-peared before a hotel ballroom full of colleagues and suggested a clever way to profit.

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Hedge fund stars plummet to earth

Three years ago, John Paulson bet the house against housing and got incredible results. When the real estate bubble popped, the hitherto-unknown hedge fund manager pocketed a tidy $15 billion

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Volcker rule: A backdoor breakup plan for Wall Street

It's easy to get lost in the weeds with the Volcker rule, the federal proposal unveiled two weeks ago that would govern how banks trade with their capital, invest in private-equity and hedge funds, and make markets for clients, as well as how they deal with other knotty matters

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Street paid bosses like kings in 2010

When it came to executive pay, 2010 was the year that the empire snuck back

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John Thain’s redemption

In 2006, industrial and small-business lender CIT Group loudly proclaimed its growing ambitions by transferring its global headquarters from a New Jersey office park to a new trophy tower at 42nd Street and Fifth Avenue

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It’s Dimon’s world

JPMorgan Chase & Co. dominates New York like no other bank dominates a U.S. city

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Wall Street pay ‘bubble’ poised to burst

A job at The Goldman Sachs Group Inc. may well be the closest thing in life to a golden ticket