Citigroup Inc. won dismissal of a lawsuit by former Wall Street banker William Salomon, son of the founder of Salomon Brothers, who blamed the bank for his personal secretary’s theft of more than $1 million.
Prudential Financial Inc. added Gregory Peters as a portfolio manager as the No. 2 U.S. life insurer extends its push into asset management with another Wall Street hire, according to a person familiar with the move.
Bill Gross , who runs the world’s biggest mutual fund , takes a seat in a conference room and makes a confession. Overlooking the ocean at the headquarters of Pacific Investment Management Co., Gross describes missteps that doomed his bond firm’s experiment with equities in the mid- 1980s.
It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
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.
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.