Inside the battle between an anti-Putin banker and the firm that produced the Trump-Russia dossier

Thomson Reuters A fierce, but muted, battle erupted last year between banker-turned-human-rights activist Bill Browder and the opposition research firm Fusion GPS. Fusion is the organization that produced the explosive, unverified dossier that detailed President Donald Trump’s alleged ties to, and escapades in, Russia. That battle escalated on Tuesday when the ranking member of the Senate […]

New US sanctions on Moscow would ‘make Cold War look like child’s play’ – top Russian banker

Published time: 24 Dec, 2017 21:37 A further tightening of anti-Russia sanctions, reportedly being considered by Washington, would have such a devastating effect that the Cold War rivalry would pale in comparison, Sberbank CEO Herman Gref has warned. New, potentially far-reaching US sanctions against Moscow would “make the Cold War look like child’s play,” the […]

Citigroup hired a former Goldman Sachs banker to cover a booming Wall Street business (C)

REUTERS/ Keith Bedford Citigroup has hired a former senior banker at Goldman Sachs. Taran Bakker joins Citi as a managing director in the bank’s Global Asset Managers group, where he’ll cover private equity, pensions, sovereign wealth funds, and family offices in North America. Buyout firms are a growing source of business for investment banks, and Citi has been maneuvering to claim […]

Time to accept that virtual currencies are here to stay – top Russian banker

Published time: 22 Nov, 2017 11:57 Edited time: 22 Nov, 2017 12:00 Cryptocurrencies have now become a part of everyday life, and the worst thing we could do is to prohibit or ignore them, said Herman Gref the head of Russia’s largest lender Sberbank. “Virtual currencies are a natural outcome of blockchain technology. We may […]

The most important person in the bank industry isn’t a banker — it’s Warren Buffett

Paul Morigi/Getty The most important person in the bank industry isn’t a banker — it’s Warren Buffett, the chairman and CEO of Berkshire Hathaway. He cemented that role this week by exercising warrants Berkshire Hathaway held to buy 700 million shares of Bank of America. Berkshire is now the biggest shareholder of the nation’s second-largest bank by assets. NASDAQ/John […]

Ransom paid for British banker held by Al-Qaeda in Mali for 6yrs

Published time: 4 Aug, 2017 08:56 A British banker held by a Malian wing of al-Qaeda for six years has been freed after a reported £3.2 million (US$ 4.2 million) ransom was paid. Stephen McGown was captured from his hotel in Timbuktu in 2011 while on a motorcycle trip across the continent. He was planning […]

A Wall Street banker describes the time Donald Trump offered to seal a deal with a $1 million coin flip

REUTERS/Lucas Jackson Before Ken Moelis was running one of Wall Street’s top boutique investment banking firms, Moelis and Company, he served as a banker to Donald Trump. In the early 1990s, when the newly opened Trump Taj Mahal was floundering and in need of financing, Moelis hopped a red eye to New York to take a […]

An investment banker explains why aspiring Wall Streeters should read every section of the newspaper

RBCCM Breaking into the Wall Street world is no easy feat.  It’s especially difficult for young people and students with non-traditional backgrounds and little finance experience.  Michael Ventura was once one of those students. He studied political science while he was an undergraduate student at Colgate University in New York. He is now a director […]