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Tourre’s defense leads to trial loss

Goldman Sachs ex-trader Fabrice Tourre was found guilty by a Manhattan jury in his role in the subprime mortgage-back deal known as Abacus in 2007.


New Maybank CEO leads Southeast Asia expansion

Maybank announced that Abdul Faril Alias will be the company's new chief operating officer. Malaysia's largest lending bank announced its newest chief executive officer today.

Pembrook Capital announces new managing director

Paul Mullaney was named new managing director of underwriting by Pembrook Capital Management. Pembrook Capital Management, a venture capital firm targeting the real estate sector, announced today that Paul D.

New RBS CEO tasked to start selling bank stake

Ross McEwan, the new CEO for the Royal Bank of Scotland, was tasked to start selling bank stake once he comes to office in October.


Latest News

Medical equipment maker, Smith & Nephew announced that the company is in the market to make acquisitions.
Last Thursday, jurors looked for clarity on information to be able to decide on the case of the former Goldman Sachs vice president, Fabrice Tourre.
Carl Icahn sued Dell Inc. last Thursday as he tried to disrupt a USD24.4 million takeover bid from founder, Michael Dell and Silver Lake.
Information provider Thomson Reuters appointed retired London-based lawyer Steve Turnball as member of its board of directors.
Former Eye Corp. vice president Michelle Schiano joined Kinetic Social's management team. Mobile advertisement technology specialist Kinetic Social announced Thursday that Michelle Schiano was appointed as the new executive vice president of marketing.
Allen Smith was named new CEO for Four Seasons Hotels and Resorts, succeeding former CEO Kathleen Taylor.
Sony Corp's board has engaged in deep talks with Daniel Loeb after boosting its full-year revenue ending March 31.
Eric Adler was promoted CEO of Prudential Financial Inc, the second largest life insurer in the United States, replacing former CEO Allen Smith.
Corner Bakery Cafe promoted Gregg Koffler to vice president of franchise sales. Restaurant chain Corner Bakery Cafe announced the promotion of Gregg Koffler to vice president of franchise sales earlier today.
Princess Diana's tragic love affair with Hasnat Khan will be detailed in the upcoming September 2013 issue of Vanity Fair.