Bernard L. Madoff, chairman of Madoff Investment Securities is seen on his Manhattan trading floor in this photo taken Dec. 30, 1999 in New York. The former Nasdaq stock market chairman was arrested on a securities fraud charge in 2008, accused of running a phony investment business that amounted to nothing more than a “giant Ponzi scheme.” (Photograph: AP Photo/The New York Times, Ruby Washington)

Former customers of Bernard Madoff may soon recover an additional $496.8 million as a result of a settlement with two “feeder funds” that was announc(...)

 Louis Van Gaal at Old Trafford prior to a Champions League match between Manchester United and Bayern Munich in 2010. Photograph:Alexander Hassenstein/Bongarts/Getty Images

There is a famous story about Louis van Gaal from his time at Bayern Munich. Van Gaal had insisted from the start on two major protocols at team meals(...)

Convicted fraudster Bernard Madoff, founder of Bernard L. Madoff Investment Securities. Madoff’s worldwide fraud cost his clients an estimated $17 billion in principal losses. Photo: Bloomberg

Five former aides of convicted fraudster Bernard Madoff used an “avalanche of lies” to help him carry out his decades-long Ponzi scheme, each w(...)

JPMorgan Chase reported a 7.3 per cent drop in quarterly profit as legal costs from a series of government settlements continued to dampen profits at the bank. Photo: Bloomberg

JPMorgan Chase said profit fell 7.3 per cent in the fourth quarter after $2.6 billion in settlements linked to Bernard Madoff’s Ponzi scheme ended a (...)

JP Morgan Chase agreed  to pay $2.6 billion to head off a criminal prosecution and private litigation over failures to act on its suspicions, some of which came more than a decade before Bernie Madoff’s Ponzi scheme was revealed.  Photograph: Hiroko Masuike/Getty Images

JP Morgan Chase bankers had concerns about Bernard Madoff for more than a decade but failed to inform the authorities, according to a damning assessme(...)

Pierce Brosnan ad for Sky Ireland

Just because George Clooney does it (for Nespresso), doesn’t make it right. Celebrity-fronted ads just seem that little bit more tragic ever since (...)

 Bernard Madoff pleaded guilty in 2009 to orchestrating what prosecutors described as the biggest Ponzi scheme in history, using $65 billion in real and artificial assets. He admitted using money from new clients to pay off earlier investors and was sentenced  to 150 years in prison. Photograph: Lucas Jackson/Reuters

The Irish arm of HSBC bank is being sued for more than half a billion dollars arising from the Ponzi scheme run by jailed US fraudster Bernard Mado(...)

Disgraced financier Bernard Madoff (right) is escorted by a US Marshall as he departs US Federal Court after a hearing in New York in January, 2009. Photograph: Lucas Jackson/Files

An action on behalf of some of the many investors affected by the Ponzi scheme run by jailed US fraudster Bernard Madoff has settled at the Commercia(...)

Disgraced financier Bernard Madoff. Photograph: Shannon Stapleton/Reuters

HSBC Holdings, custodian of a fund that lost about €1.1 billion through Bernard Madoff’s Ponzi scheme, said liability rules for banks in Europe(...)