FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Join
45,000+ bankers and fund managers who get FierceFinance via email for a quick daily briefing from an insider perspective. Sign up today!
You could have guessed this was coming. Once the mythic "most powerful woman on Wall Street," Sallie Krawcheck, the head of Citi's wealth management unit, has taken some lumps as of late. Now comes... Read more...
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was... Read more...
Jimmy Cayne, ex-CEO of Bear Stearns, has taken a huge hit. His holdings in Bear Stearns were worth more than $1 billion a year ago. The New York Times reports he... Read more...