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The spectacular success of Indians in the U.S. smashes old stereotypes and adds a dash of spice to the American melting pot By ANTHONY SPAETH When Manoj Night Shyamalan was growing up in suburban Philadelphia, his parents–both immigrants from India, both physicians–didn’t hesitate to pile on the pressure
A few weeks back, at an event to celebrate the role of women in finance, Treasury Secretary Timothy Geithner tried to get things started with a joke. He said he had recently come across a headline that asked, “What If Women Ran Wall Street?” “Now that’s an excellent question, but it’s kind of a low bar,” Geithner continued, deadpan amid rising laughter
Investors are courting an old flame: bond mutual funds.
A new lawsuit alleges that convicted swindler Bernie Madoff financed a cocaine-fueled work environment and a “culture of sexual deviance,” and he diverted money to his London, England, office when he believed federal authorities were closing in at home.
Gunmen opened fire on a military vehicle in Islamabad on Thursday, killing an army brigadier and a soldier, officials said.
Semion Mogilevich may be the most powerful man you’ve never heard of. NEWTOWN, Pennsylvania (CNN) — Semion Mogilevich may be the most powerful man you’ve never heard of.
“Obviously, first of all, this conversation never took place.
The SEC internal-investigation report released on Wednesday points a clear finger of blame at the agency, stating that SEC investigators missed multiple opportunities to discover Bernard Madoff’s criminal activities. But while the report hammers the SEC for repeated instances of incompetence, it stops well short of declaring the SEC liable
Kenneth Lewis’ days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation’s largest bank. On Monday, the bank agreed to pay $33 million to settle Securities and Exchange Commission charges that Lewis and other executives misled the bank’s investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch.
Bernie Madoff bankruptcy trustee, Irving H. Picard, may be the hardest working man in the collections business — and maybe one day the richest. Picard, the New York-based lawyer who could have easily doubled for actor Frederic March in film Inherit the Wind, is at the turbulent center of the post-Madoff world, a world that includes multi-billion dollar feeder fund lawsuits, multi-million dollar deals with international banks, and, less grand, the issuing of multi-hundred thousand dollar checks to the nearly 7,000 direct account holders caught up in Madoff’s massive Ponzi scheme.