Tuesday, 26 February 2019

Platinum Partners' Nordlicht, others face $1 billion fraud trial in NY

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Platinum Partners' Nordlicht, others face $1 billion fraud trial in NY

Former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group are due to go to trial on Tuesday on charges they defrauded investors out of $1 billion.

Your Money: Are you up for a friendly credit score competition?

When personal finance expert Jean Chatzky was buying a house years ago with her husband, she got the shock of her life: His credit score was better.

Credit Suisse reshuffles executive board

Credit Suisse Chief Executive Tidjane Thiam on Tuesday made Lara Warner group chief risk officer in a reshuffle of the Swiss bank's executive board that comes after three years of restructuring.

Warren Buffett says Berkshire overpaid for Kraft Heinz

Warren Buffett said on Monday his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company.

Bank of America drops 'Merrill Lynch' name in rebranding effort

Bank of America Corp is dropping the "Merrill Lynch" name from some of its businesses, phasing out a brand with a long history on Wall Street as part of a multi-year marketing effort, the lender said on Monday.

Madoff trustee can pursue lawsuits against Koch, banks, others

A U.S. federal appeals court said the trustee liquidating Bernard Madoff's firm may pursue dozens of lawsuits to recoup funds from defendants including Koch Industries Inc, long controlled by the billionaire brothers Charles and David Koch, and major banks.

Buffett, the Oracle of Omaha, backtracks on Oracle, the company

The Oracle of Omaha, Warren Buffett, admitted on Monday he knew less than he thought about Oracle Corp, the company overseen by fellow billionaire Larry Ellison.

Deutsche Bank hires BoA's Innocentin for financial sponsors group

Deutsche Bank has hired Bank of America Corp's Robert Innocentin as a managing director within its financial sponsors group, according to a memo seen by Reuters on Monday.

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