The Obama administration is tackling cyber-based economic espionage from foreign sources such as the Chinese government. The White House focus has been on major, mainstream businesses with some attention paid to financial services firms. While denial of service attacks have been plaguing firms and exchanges, protecting trade secrets from cyber threats is still high on… Read More >>
New CFOs for Goldman Sachs and Newedge as Corgentum Opens an Office in San Francisco
Goldman’s CFO to Step Down in January A highly influential executive at Goldman Sachs, David Viniar, the chief financial officer (CFO), will retire at the end of January 2013 after 32 years with the firm and will be replaced by Harvey M. Schwartz, the global co-head of the Securities Division, officials say. By the time… Read More >>
Welcome to Clawback Season
In theory, we are in bonus season. But it’s looking more like clawback season as banks give bonuses more in line with performance. A case in point is UBS, which for the first time in its history is taking back part of the bonuses slated for its investment bankers, according to a report in the… Read More >>
