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News
Head of Kuwaiti firm commits suicide
Hazem Al-Braikan, hardly a household name on Wall Street, was reported by Reuters to have died from a single, self-inflicted gunshot wound to the head, while a policeman stood outside his house.... Read more...
Citigroup continues to remake board
There's little doubt that the government has pressed Bank of America and Citigroup to re-make their boards, with an eye on independence and enhanced expertise. Citigroup has just named three new... Read more...
End of the road for Rattner?
Steven Rattner seemed to live a charmed life in New York for the longest time. He was a New York Times' wunderkind reporter (James Reston's assistant, a coveted post in a bygone era) turned Morgan... Read more...
Fortress loss bigger than expected
Fortress has certainly been in the news a lot recently. In the wake of the Vanity Fair article that held it up as a prime symbol of the times, it has released fourth quarter earnings, and the results... Read more...
What Stanford has wrought in Antigua?
R. Allen Stanford, before his firm imploded, was an outsized Texas figure in Antigua. Outside the government, he was the largest local employer. And, as Fortune notes, "the Texas banker built a... Read more...
Could Madoff have done it alone?
It just seems weird that Bernie Madoff could have pulled off a $50 billion scheme for so many years, all by himself. I just can't see him toiling away, all by himself, after hours, creating all those... Read more...
Madoff scandal, another red flag
Bernie Madoff's secretive investment firm "managed"--and I use the term loosely--billions of dollars. And yet its auditor was a tiny one-accountant operation in New City, New York, called Friehling... Read more...
Assessing the Bernie Madoff scheme
The scope of the Bernie Madoff alleged fraud is coming into focus, and it's getting even uglier. A $50 billion Ponzi scheme? It boggles the mind, especially when you think that the participants and... Read more...
Shocker! Bernie Madoff arrested
Bernie Madoff, who runs a firm that bears his name, has been a fixture on Wall Street for half a century. To many, he was something of a legend; he was a founder of the Nasdaq and remains a director.... Read more...



