Tuesday, 23 September 2014
Last updated 10 hours ago
May 24 2013 | 10:37am ET
Artifacts from one of the greatest financial frauds in history have gone on display in a Washington, D.C., museum.
The National Museum of Crime & Punishment this week opened a permanent exhibition on the Bernard Madoff Ponzi scheme. featuring items including a master key to Bernard L. Madoff Investment Securities' Manhattan offices, a short apology note Madoff wrote to his surviving son following the suicide of his older son, an early Madoff business card, the wooden snake from his yacht and an account statement from one of his victims.
"He is the No. 1 public enemy for financial crime," exhibit curator Janine Vaccarello said. "He was a serial killer of the financial industry."
The museum worked with the Federal Bureau of Investigation, Madoff victims and Madoff's family in building the display.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.