Bernie Madoff spoke with NY Mag in one of his first interviews since he was imprisoned, and though he is remorseful, offers that his investors are partly culpable.UBS just recruited two Washington insiders for cardinal roles in its prized wealth management division. Mona Sutphen will run macro analysis; Alexander Friedman is the new CIO.
A hedge fund manager in New Jersey is suing Michael Lewis and FrontPoint’s Steven Eisman over defamation he claims occured in Lewis’s financial crisis megahit, “The Big Short.”
The BofA Merrill Lynch global M&A head, Jeff Kaplan, is said to be joining David Tepper’s Appaloosa as COO. Steven Baronoff is taking over for Kaplan at Bank of America.
SAC Capital’s private equity group is spinning off into an independent buyout firm and has started its fundraising effort. Steve Cohen will invest, though the size of his stake is not yet known.
The St. Joe Company has announced a new board of directors. President and CEO Britt Greene will step down later this week and has resigned from the Board of Directors.
Traders and regulators disagree about how the new regulation of the OTC derivative market will affect the entire market.
Is Steve Schwarzman’s plan to IPO the chip manufacturing company Freescale Semiconductor, without writing down the value of his stake, greedy, crazy, or both?
The film about the lead up to the economic collapse in 2008, “Inside Job,” won “Best Documentary” at the Oscars last night.
Well, Charlie Sheen — the man who made Bud Fox a household name and will forever be fake-Wall Street royalty — has officially lost the plot.