Aaron Elstein
Aaron Elstein is a senior reporter at sister publication Crain's New York Business.
Aaron Elstein is a senior reporter at sister publication Crain's New York Business.
Sam Antar describes commission attorney Richard Simpson as 'an unbelievably tough guy.' Antar should know: he was CFO of Crazy Eddie, the crooked retailer that Simpson helped topple in the Eighties
So far, the unwinding of the government's stakes in once-distressed banks has paid off handsomely for the U.S. taxpayer. The profit on the planned sale of Citi stock should be the topper.
Alan Fishman used to drive Wall Street bankers around New York. All the while, he thought he could do what they did. Now, the hedge fund president is facing five years in jail for securities fraud.
A new report suggests there's some correlation between the amount of banking expertise on board and the bank's ability to weather the economic crisis
Hoping to mute public outrage over huge Wall Street bonuses, the big banks are making a show of paying employees with more restricted stock, which can't be touched for years, and less cash.
The FDIC labels more than 700 U.S. banks as 'problems'. Nearly 10% could fail. Meanwhile, one analysts claims regulators are hoping the economic turnaround will bail out the bad banks. It better.
For Citigroup Inc., there's an unexpected silver lining to the steep decline in its stock price: It allows the bank to ignore a small shareholder agitating for changes in how it does business.
If approved by company shareholders, the move would instantly hike the price of the online brokerage to $11.50. But research says the market isn't overly fond of such maneuvers.
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.
What should have been a profitable quarter a Lazard Ltd. turned into a surprising loss due to the investment bank paying its people big bonuses.
