Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2.5 million and have to look for a new home as she forfeits claim to some $80 million in assets.
Documents filed in Manhattan federal court on Friday night showed that Ruth Madoff, 68, who [...]
Treasury Secretary Timothy Geithner called for major changes in compensation practices at financial companies and said the Obama administration’s plan to help realign pay with performance will be rolled out by mid-June.
“I don’t think we can go back to the way it was,” Geithner said in an interview on Bloomberg Television’s “Political Capital with Al [...]
Investors returned to Wall Street Wednesday after getting fresh signs that their doomsday forecast for the economy might have been overdone.
Stocks rose about 2 percent, including the Dow Jones industrial average, which jumped 170 points.
The government reported that February brought increases in demand for big-ticket manufactured goods and higher sales of new homes. Both readings [...]
Bernard Madoff lost his bid on Friday to be released from jail until his June sentencing for Wall Street’s largest-ever investment fraud.
The confessed swindler had challenged a judge’s decision to immediately jail him after his dramatic guilty plea last week, but a federal appeals court denied his request for release after finding he was a [...]
