Reaffirms independent broker-dealers' credit rating as 'stable'; brokerages could weather unexpected downturn
The U.S. Securities and Exchange Commission is investigating whether Citigroup Inc. misled investors about the riskiness of some soured debt funds, the Wall Street Journal reported, citing unidentified people familiar with the matter.
UBS AG, Switzerland's biggest bank, will probably report a fourth straight quarterly profit tomorrow and the lowest wealth management redemptions since 2008.
Hernandez evaded paying taxes on $8.8M; advised wealthy clients on -- yep -- taxes and offshore trusts
The world's richest clients often come with “impossible demands,” push margins down and cause internal conflict with investment banking colleagues, said the vice chairman of Barclays Plc's wealth management unit.
Customers defrauded by Bernard Madoff's Ponzi scheme deserve repayment of as much as $500,000 each, even if they took out more than they put into his investment business, a lawyer argued today to an appeals court.
The trustee for Bernard Madoff's investment-advisory business won a $180 million default judgment against Vizcaya Partners Ltd. over claims the hedge fund profited from the conman's fraud.
The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and technology companies.
U.S. citizens and residents with UBS AG accounts are racing the clock to disclose their secret holdings to the Internal Revenue Service after the Swiss Parliament ratified an agreement to surrender the names of 4,450 bank clients, tax lawyers said.
Famed asset manager says only thing Fed head knows how do is print money; 'throwing petrol on the fire'
