An assassination attempt plunged Larry Speakes into the brightest of national spotlights as chief spokesman for President Ronald Reagan. When Reagan’s press secretary James Brady was severely wounded in the 1981 attempt on the president’s life, Speakes was thrust into the eye of the storm. As White House spokesman for six years, a long tenure in the sensitive post, he was credited with 2,000 news media briefings.
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Friday 17 February 2012
Sunday 12 February 2012
The broker at the centre of the Greenlight Capital insider trading scandal will not fight his £350,000 fine despite clients and rivals agreeing that he did little wrong.
Friday 20 January 2012
Ooh, that's a tough job
It sure is. BofA is the definitely the shakiest of the big US banks, having never pulled itself free of the credit crisis. But Mr Moynihan is used to dealing with a few bruises. Earlier in his career he would regularly come to the office all beaten up from a rugby game the night before.
Friday 22 July 2011
Call us childish, but we couldn't resist the headline above, for Merrill Lynch's Wealth Management division really has called in Police – one Amilcare Police, in fact, who the investment firm has just appointed as head of credit and banking for Europe, the Middle East and Africa. The gentleman in question has an extensive CV full of relevant experience, most recently doing something similar at HSBC, though as far as we know, he's never worked in law enforcement.
Tuesday 07 December 2010
Investors were licking their lips at the prospect of bid activity in the oil sector, after Tullow Oil was highlighted as a potential merger and acquisition candidate.
Tuesday 28 September 2010
American International Group will hold at least a 30 per cent stake in its Asian life insurance business, AIA Group Ltd, for a year after AIA's listing in Hong Kong next month.
Friday 02 July 2010
Friday 04 June 2010
Kelly Martin will step down from his post as chief executive of Elan Corporation in 2012 and leave the Irish drugs manufactuer in 2013, the company said yesterday.
Thursday 03 June 2010
Friday 21 May 2010
Red faces at Merrill Lynch, which had to call in the authorities after falling for a tall story told by the broker Steven Mandala last year. Mandala managed to convince Merrill that he was a partner in a leading asset management company looking after £300m of clients' money. The reality was that he was a very junior member of staff, but the bank only discovered the truth after hiring him, lending him $780,000, which he spent on a Ferrari and living the high life, and then watching him quit after two months (when he refused to repay the debt). Mandala has pleaded guilty to theft charges and faces a jail sentence. But the gullible bank hardly comes out of the tale smelling of roses.
Wednesday 17 March 2010
The City watchdog has banned a former senior trader at Merrill Lynch in London after he inflated the value of his trading book by more than $100m (£66m) to cover up huge losses.
Friday 26 February 2010
Michael Moore's new documentary doesn't just lay into the bankers behind the recent financial Armageddon.
Friday 05 February 2010
Ken Lewis, the retired boss of Bank of America, and the company's former finance chief Joe Price have been charged with fraud over their handling of the acquisition of Merrill Lynch during the financial panic of 2008.
Thursday 21 January 2010
Friday 08 January 2010
Stephen Fry explains what he would say if he was 'confronted by God'
The open loathing between Barack Obama and Benjamin Netanyahu just got worse
9 reasons Greece's experiment with the radical left is doomed to failure
President Putin is a dangerous psychopath - reason is not going to work with him
Have we reached 'peak food'? Shortages loom as global production rates slow
Britain's widening poverty gap should be causing outrage at the start of the election campaign
- 1 Three-year-old boy shoots pregnant mother and father in New Mexico
- 2 Stephen Fry explains what he would say if he was 'confronted by God'