A former Bernard Madoff aide advised her staff not to tell people at the 2008 company Christmas party about checks totaling hundreds of millions of dollars written to firm insiders as Madoff’s fraud was unraveling, a jury was told.
Scott Stringer vowed during his successful campaign for New York comptroller to reduce the $370 million in fees the city’s five pension funds pay money managers and consultants annually. His job, which starts Jan. 1, just got harder.
Bernard L. Madoff’s ex-controller told a jury the con man held a meeting of his inner circle in 2005 to discuss ways to hide mounting losses in his legitimate broker-dealer unit, saying, “We all know what we do here.”
G. Moffett Cochran, co-founder and chief executive officer of Silvercrest Asset Management Group Inc., a New York-based firm catering to wealthy families, which went public in June, has died. He was 63.
Bitcoin’s rally is accelerating as the U.S. Department of Justice’s description of the digital currency as a “legal means of exchange” bolsters the prospect of wider acceptance as an alternative payment system.
REA Vipingo Plantations Ltd.’s biggest shareholder offered to buy out other stockholders in the Kenyan sisal producer at a 43 percent premium in a deal that may result in the third company this year being delisted in Nairobi.
Currency traders from Deutsche Bank AG to HSBC Holdings Plc, after enjoying a boom just a few months ago amid speculation the Federal Reserve was preparing to pare record stimulus, are again seeing their profits squeezed.