Investment Banker | featured news

The investment banker who helped lead the Obama administration's auto industry overhaul has agreed to pay $10 million to settle influence-peddling allegations in New York.

President Barack Obama on Tuesday interviewed investment banker Roger Altman, a former Treasury official, as a candidate to replace departing economic adviser Larry Summers, a White House official said.

A wealthy Manhattan investment banker and former top Democratic fundraiser was sentenced Thursday to 12 years in prison for defrauding banks of $292 million, some of which he donated to politicians including Barack Obama, Hillary Rodham Clinton and Al Gore.

This city filled with high-flying investment bankers is also known as the divorce capital of the world, thanks to the hefty financial ...