The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.
When William “Billy” Salomon started on Wall Street more than 80 years ago at his family firm, trades were often closed with a gentleman’s clasp. Now, with computers completing transactions in microseconds, he says the industry is worse off.
Baring Vostok Capital Partners, Russia’s most successful private-equity firm, still has $1.2 billion to invest from its record fund raised almost two years ago, according to its founder Michael Calvey.
Neal McCabe, a former global co-head of a Lehman Brothers unit whose career included working for Salomon Brothers, an heir to the Wal-Mart Stores Inc. fortune and a Texas oil company, has died. He was 60.