Mary Erdoes, one of the bank’s top executives, defended doing business with Mr. Epstein after an internal compliance review concluded he should be dumped. Source: NYT > Business – Emily Flitter and Jessica Silver-Greenberg
Investors Are Usually Wrong. I’m One of Them.
Most people hurt themselves when they try to outsmart the markets, the latest data shows. Humility is a better strategy. Source: NYT > Business – Jeff Sommer
Investors Are Usually Wrong. I’m One of Them.
Most people hurt themselves when they try to outsmart the markets, the latest data shows. Humility is a better strategy. Source: NYT > Business – Jeff Sommer
Jeffrey Epstein’s Deep Ties to Top Wall Street Figures
Mr. Epstein, who has been charged with sex trafficking, did business with a prominent banker, a top private-equity executive and a hedge-fund billionaire. Source: NYT > Business – Kate Kelly, Matthew Goldstein, Jessica Silver-Greenberg and James B. Stewart
Bond Returns Have Been Spectacular. Don’t Count on a Sequel.
A large and largely unexpected decline in bond interest rates requires downshifting expectations for the future. Source: NYT > Business – Carla Fried
Europe Fines 5 Banks $1.2 Billion for Their Roles in Foreign Exchange Cartels
Traders at Barclays, Citigroup, JPMorgan Chase, Mitsubishi UFJ Financial Group and the Royal Bank of Scotland engaged in anti-competitive behavior, the European Commission found. Source: NYT > Business – AMIE TSANG