Austriaâ??s financial regulator has taken over Bank Medici after learning that the Vienna-based institution had sunk more than $2 billion of its clientsâ?? money into Bernard Madoffâ??s alleged Ponzi scheme.
Among those who have lost money in the alleged Ponzi scheme run by Bernard Madoff are some high-profile names, such as economist Henry Kaufman and actor Kevin Bacon, according to media reports. Key disclosures about investors losses are due later Wednesday.
A U.S. bankruptcy court approves the transfer of $29 million to help the trustee of Bernard L. Madoff Investment Securities LLC recover money for customers of the failed firm.
If it’s good enough for Wal-Mart…
Looks like the discounting model pioneered by Wal-Mart Stores Inc. (WMT), the Bentonville, Ark.-based retailing giant, will make its way to some rather unlikely high-end retailers: Barney’s New York Inc. and Neiman Marcus Inc. have announced significant price reductions (up to 75%) over the next few ...
Looks like the discounting model pioneered by Wal-Mart Stores Inc. (WMT), the Bentonville, Ark.-based retailing giant, will make its way to some rather unlikely high-end retailers: Barney’s New York Inc. and Neiman Marcus Inc. have…
By William Patalon III Executive Editor Money Morning/The Money Map Report If it’s good enough for Wal-Mart… Looks like the discounting model pioneered by Wal-Mart Stores Inc.... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <img src="http://feeds.feedburner.com/~f/USMoneyMorning?i=97jIO"[More...]
Everyone’s scrambling… House subcommittee chairman Paul Kanjo wants to launch a government investigation. Outgoing SEC Chairman Chris Cox is “gravely concerned by the apparent multiple failures” of the SEC. He too, wants to get to the bottom of this.
And of course, House Financial Services Committee chairman Barney Frank, whose regulatory urgings ...
By Martin Hutchinson Contributing Editor Money Morning Bernard Madoff, former chairman of the NASDAQ Stock Market Inc. (NDAQ), was turned into the authorities by his sons last Thursday after... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <img src="http://feeds.feedburner.com/~f/USMoneyMorning?i=Hx69O"[More...]