The U.S. Department of the Treasury announced Thursday that it has sold all of the trust preferred Citigroup shares it held for a net profit to the taxpayer of $2.246 billion. In addition, Treasury also announced it sold 1.5 bi…
Investment banks and chicken slaughterhouses don’t have much in common, but evidently they both aren’t the easiest places for women to make a living, based on the gender discrimination lawsuits filed against Goldman Sachs and T…
A suit filed by three women accusing Goldman Sachs of sex discrimination underscores a surprising trend: Despite growing equality in the business world, financial services has become an increasingly male-dominated industry.
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Since Lehman’s collapse in September 2008, regulators around the world have begun erecting a scaffolding of new rules and regulations designed limit excessive risk-taking. The big question is: Are they enough to prevent another…
“It felt like the world was on fire,” recalls financial writer Andrew Ross Sorkin, whose book Too Big To Fail covers the crisis at its peak. In an interview, he discusses the meltdown, its aftermath, the quest for power on Wall…