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Analyst Reports 12 Dec 2015 | 12:00 AM

Where there is life, there is hope

LIKE any parent, my heart goes out to the Sultan of Johor and his Permaisuri after having seen the heartbreaking picture of the Sultan in tears over his son’s grave.

Business 27 Jan 2012 | 12:00 AM

UK fines prominent hedge fund investor

LONDON: David Einhorn’s reputation as one of the hedge fund industry’s most respected investors took a bit of a hit when Britain’s financial regulator imposed a £7.2mil fine on him and his Greenlight Capital fund for alleged trading abuses.

Business 02 Nov 2011 | 12:00 AM

Most of US$19.9bil Madoff case vs JPMorgan tossed

NEW YORK (Reuters) - A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.

Business 23 May 2011 | 12:00 AM

Probe into SAC Capital trades

CHICAGO: A powerful Republican lawmaker is investigating possible insider trading at SAC Capital Advisors LLP, highlighting increased public scrutiny of potential wrongdoing by hedge funds.

Business 09 Mar 2011 | 12:00 AM

Madoff trustee: Recovery of stolen money grinds on

NEW YORK (AP) - A court-appointed trustee who's recovered US$10 billion in losses so far for Bernard Madoff's legion of victims is predicting the pot will grow in the coming months - with no thanks to the disgraced financier.

Business 08 Dec 2010 | 12:00 AM

NY feds: Boston businessman giving up US$625mil

NEW YORK: A 97-year-old Boston-area apparel entrepreneur agreed Tuesday to forfeit US$625 million to be distributed to cheated investors in jailed Bernard Madoff's historic Ponzi scheme, authorities revealed, as a court trustee said negotiations are under way to recover money as well from the owners of the New York Mets baseball team.

Business 11 Dec 2009 | 12:00 AM

One year after US$50bil Madoff fraud many questions unanswered

NEW YORK: The FBI agents who arrived at Bernard Madoff's luxury penthouse apartment on the morning of Dec. 11, 2008, found a broken man in a bathrobe who knew his time was noshade size=-1 width=50%>

Business 29 Jun 2009 | 12:00 AM

Madoff sentenced to 150yrs in prison

Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme.

Business 22 Apr 2009 | 12:00 AM

Citi shareholders mad, but take it a little more

Five hours and dozens of angry speakers into Citigroup Inc.'s annual meeting Tuesday, a long line of shareholders still waited at the microphone for their chance to vent.

Business 11 Apr 2009 | 12:00 AM

Bidding for investments

Auctions involving anything other than properties and cars are rare in Malaysia.