Media Room

Former McKinsey partner 'owed' Rajaratnam

Fri, 11 Mar 2011 00:51:42 +0000

Anil Kumar, a former McKinsey partner, testified that he shared client secrets with Raj Rajaratnam, the founder of Galleon Group, because he felt obligated to him after agreeing to accept $500,000 a year in consulting fees

Traders face rise in costs to clear deals

Thu, 10 Mar 2011 20:30:01 +0000

Dealers would face higher costs under proposals by global regulators that would require clearing houses, which process their deals, to bolster their financial bases

Wall St cash bonuses slip by 8%

Thu, 24 Feb 2011 01:27:47 +0000

Pay-outs in 2010 total $20.8bn, with banks and securities firms deferring more employee pay and offering staff higher salaries in response to regulatory and political pressure

Traders beware rush to set up hedge funds

Thu, 24 Feb 2011 00:38:06 +0000

Former bank employees who are attempting to go it alone face pitfalls including rising regulatory costs and investor preference for established managers and robust systems