Entries tagged "60 Minutes"
Irving Picard will file suit this week against Madoff's sons Mark and Andrew, his brother Peter and niece Shana for negligence and breach of fiduciary duty.
Ken Lewis popped into the living rooms of America on Sunday night to say he's glad he'll personally receive less money so the bank he runs can be part of the government rescue plan. In fact, the chairman and chief executive of Bank of America Corp. said on CBS' "60 Minutes" his bank took the money even though it didn't need it, and felt it was its patriotic duty to do so....
The U.S. financial sector desperately needed sovereign wealth funds to stay afloat over the last year, but many within the American capital markets -- as well as politicians -- have been circumspect about their intentions. The $200 billion China Investment Corp., in particular, maintained in a "60 Minutes" segment its interests are purely business. ...
