Just 11 days after Bernard Madoff was arrested last year, federal regulators say an enterprising Queens gentleman started a Ponzi scheme of his own.
Poor Goldman Sachs. The Wall Street firm that's printing money mere months after exiting the federal bank-bailout straitjacket can do no right.
Heading into 2009, it looked as if Avis Budget Group Inc. was doomed to wind up in bankruptcy court. Not only did the car renter avoid that sad fate, it ended the year as far and away the best-performing stock in the New York area.
For investors in the Standard & Poor's 500-stock index, and that includes just about everyone who invests in mutual funds, the first 10 years of the 21st century will go down as a lost decade.
JPMorgan Chase & Co. generated nearly half a billion dollars in profits from serving Bernie Madoff, according to data compiled by a well-known finance professor.
J. Ezra Merkin, one of Bernie Madoff's most important sources of cash, pocketed an average of $35 million in fees every year for funneling money to the Ponzi schemer and other investment firms.
Caretaker CEO Edward Liddy wants out, so all eyes turn to six new directors slated for insurer’s board, including former AmEx chief Harvey Golub and Sears vet Arthur Martinez.
The evening of Sept. 15 was the worst of Bruce Bent II's career.
The Securities and Exchange Commission filed fraud charges today against the father and son team who ran Reserve Management Co., the money-market fund company that rocked the financial world last September when it broke the buck on its flagship fund.
