SFX Entertainment and its CEO Robert F.X. Sillerman once promised it would dominate the dance music industry. Following a failed IPO and poor management, investors are left wondering what exactly went wrong.
When the Dow Jones industrial average tumbled 8% at the open of trading on Monday, financial pundits wondered aloud if the selling would be another Black Monday. But one investor, who earned an enduring place in Wall Street trading lore after profiting from the panic of October 1987 was more than prepared for a second act.
Goldman Sachs Group chief financial officer Harvey Schwartz said an unprecedented strengthening of the Swiss franc on Thursday will have an "immaterial" impact on the investment bank's financial results
The Federal Reserve has been with so-called 'too big to fail' banks since the financial crisis, but the newest member of the central bank's Board of Governors brings a perspective rooted in the world of small banks.