Citigroup Inc. asked a New York state judge to dismiss a lawsuit by former Wall Street banker William Salomon, son of the founder of Salomon Brothers, who sued the bank in May over his personal secretary’s theft.
After 12 years of Mayor Michael Bloomberg boosting New York’s finance industry, Wall Street is adjusting to the almost inevitable election of Bill de Blasio, who is campaigning against income inequality and calling for higher taxes on the rich.
The U.S. mortgage market has experienced an “irrational restriction” of credit as lenders and regulators overreact to the loose lending during the bubble that burst in 2007, mortgage-bond pioneer Lewis Ranieri said.
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.
Blackstone Group LP’s debut sale of bonds backed by rental homes is paving the way for Cerberus Capital Management LP and Colony Capital LLC as Wall Street creates a new market to expand funding for the industry.
A former Citigroup Inc. secretary must serve 4 1/2 years in prison for stealing $1.3 million from William Salomon, the 99-year-old former Wall Street banker who is the son of the founder of Salomon Brothers, a judge ruled.
A former Citigroup Inc. secretary was found guilty by a federal jury of stealing $1.3 million from William Salomon, the 98-year-old former Wall Street banker who was the son of the founder of Salomon Brothers.