Bernard L. Madoff used a process his inner circle called “schtupping” to boost the fake trading profit of the con man’s richest clients between Christmas and New Year’s, his former finance chief told a jury.
Prospects that Mikhail Khodorkovsky, the former Russian billionaire jailed a decade ago, will be freed in an amnesty program are leading Swedbank Robur and Prosperity Capital Management to predict a stock market rally.
U.S. companies could encounter higher borrowing costs under a congressional tax plan that would reverse a 29-year-old policy making it easier for other countries’ residents to invest in U.S. corporate debt.
U.K. Chancellor of the Exchequer George Osborne forecast higher growth and lower borrowing while announcing tax increases for banks and foreign property owners as he prepared the ground for 2015’s general election.
Russia may release Mikhail Khodorkovsky, the jailed former oil billionaire who was once the country’s richest man, as part of an amnesty this month, according to President Vladimir Putin’s human rights adviser.