ALBANY, N.Y.— New York state's financial regulator and Promontory Financial Group say they've reached a settlement agreement over the bank consultant's reports four years ago for Standard Chartered Bank. The agency says the consultant will pay $15 million and agrees to abstain for six months in taking on new consulting work that requires the department to...» Read More
To outsiders, McKinsey & Co. is a simply a consulting firm, but for many of the biggest hitters in corporate America, it is an indispensable tool.
Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.
Ben Lawsky, New York state's superintendent of financial services, talks with CNBC's Kate Kelly about the financial regulatory landscape, saying, "We want banks to do business, but not funny business."
The Bloomberg terminal privacy breach puts the firm in an awkward situation: Explaining itself to Wall Street clients.
The Fed and Treasury are examining the extent to which Bloomberg journalists tracked usage of Bloomberg terminals.
Wal-Mart entered India's supermarket sector in 2010 with a $100 million bet on a consultancy with no employees, no profits, and a scant $14,000 in revenue.
It’s been a tough slog in Cubeville the past few years but don’t cry in that beer you had to buy with your own money just yet – the office holiday party is making a comeback!
Have you ever thrown a coworker in a lagoon at the office party? Here are some of the most outrageous things people have done at office parties.
Vince Heaney author from the Centre for the study of Financial Innovation, talks to CNBC about the importance of independent research following the Hewlett Packard/ Autonomy debacle.
A new study out today in The New England Journal of Medicine finds statin use reduces the risk of death from cancer. Dr. Lori Mosca of New York Presbyterian Hospital and Columbia University Medical Center, offers insight on the drug and its side effects.
Time to check in with the Halloween mask indicator, which has been eerily accurate in past elections, to find out who it's gonna be -- Obama or Romney!
From elves to vampires and reindeer wranglers, here's a look at some of the season's odder jobs. Wait, you want me to do what?!
The teeth are pretty sharp on Wall Street but Father Sebastiaan van Houten, professional fang maker, makes them even sharper. Hsssssss!
Call it "playing hooky," "taking a mental health day" or "pulling a Ferris Bueller," but any way you slice it, there are fibbers among us who call in sick when they are not. Here are some of the most outrageous excuses.
One of the most popular — and already among the most funded — projects on Kickstarter is the Ostrich pillow, a hilarious yet practical product that gives you an instant napping environment — anywhere!
Here's a low-overhead business: Selling New York City tap water! Yep, you wish you'd thought of it yourself, amiright?!
Who's going to win the 2012 presidential election — Obama or Romney? We check in wit the Halloween mask indicator, which has been eerily accurate, to find out!
After one pig industry group predicted a bacon shortage, Major League Eating reacted swiftly, issuing a ban on all bacon-eating contests.
Puh-leeeeeease! That job is so overrated. Here are the 12 most overrated jobs of 2012 and, lest you think no one noticed, the 12 most underrated jobs!
One pig industry group is predicting a bacon — gasp! — shortage. Could it happen here in America? If it did, what would happen to society — looting, rioting? Bacon-related violence?!