Showing results:
Displaying 1 - 3 of 3
Pandit Gets Big Raise
I give Citi a lot of crap for, well, let's face it, obvious reasons . But I also have to give credit where credit is due. The company recently completed a James Brown Turnaround and posted their first year of profit since the crisis. And the government sold the last of their stake in December, so...
Kerviel Gets 5 Years, $6.8 Billion Fine
In a stunning verdict (stunning by French standards, anyway), rogue Societé Generale trader Jerome Kerviel was sentenced to three years in jail, another two years suspended sentence, and was ordered to repay SocGen €4.9 billion , roughly $6.8 billion USD. The 33-year old trader maintained...
BP Nightmare Gets Worse by the Day
The BP Deepwater Horizon situation gets worse every day. I swear, this mess is going to turn me into a tree-hugger yet. This thing is really getting out of hand, and is going to have a massive impact on the oil business going forward. Reinsurance companies have been devastated by the disaster...
or Want to Sign up with your social account?