Dascha Polanco, who plays a prisoner in the Netflix show “Orange Is the New Black,” wore a dress with a swatch of blue to the Doe Fund’s gala last night, a nod to the blue uniforms of Doe Fund trainees who clean New York streets.
In the clash of the two largest U.S. brokerages, Bank of America Corp.’s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.’s Smith Barney.
Just as the New York Philharmonic Opening Night Gala was getting under way, Gary Parr, vice chairman at Lazard Ltd. and chairman of the New York Philharmonic, estimated that his conversations would be 98 percent about music and 2 percent about markets.
Sallie Krawcheck, the former executive at Bank of America Corp. and Citigroup Inc. who has worked to promote women as business leaders, is teaming up with a money manager for an index fund focused on women.
Sallie Krawcheck, the former executive at Bank of America Corp. and Citigroup Inc., has been nominated to join the board of 2U Inc., the maker of online educational systems that’s planning to go public.
Aiming to stay a step ahead of “the next Madoff,” the Securities and Exchange Commission is set to hire University of Texas professor Henry Hu to oversee risk analysis and seek out market areas where abuses may emerge, Joshua Gallu, Jesse Westbrook and David Scheer report.
Americans with assets of more than $250,000 said they’re more financially secure today than a year ago, after a recovery in the stock market increased confidence that the worst effects of the recession are over, according to Bank of America Corp.