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NewsdayCitigroup Inc., the world's largest financial-services company, said yesterday that computer tapes containing personal data on 3.9 million loan customers have been lost by United Parcel Service. The Manhattan-based company said the tapes contain...
Los Angeles TimesIn the largest reported breach of personal data, hackers infiltrated the computers at a credit card processing center and stole as many as 40 million card numbers, MasterCard International disclosed yesterday. MasterCard said card numbers and...
Sun StaffRetailers are concerned that they might bear the brunt of lapses in credit and computer security, including the breach that led to hundreds of thousands, and perhaps millions, of credit card numbers being stolen from a credit processing center that was...
Sun StaffWhen CitiFinancial, the Baltimore-based consumer-finance division of Citigroup Inc., put a box of computer tapes that documented the financial habits of its customers on a UPS truck in Weehawken, N.J., last month, the shipment represented one routine step...
Bloomberg NewsNEW YORK - Morgan Stanley Chief Executive Officer John J. Mack may consider selling the company's asset-management business as he takes over the world's largest securities firm that he helped create eight years ago. Mack told analysts during a conference...
THE headhunters are circling. Their target: Legg Mason brokers. Phone lines started lighting up almost as soon as it was reported Wednesday night that Legg Mason was in talks to swap its brokerage business and its 1,500 financial advisers for Citigroup'...
IDIDN'T BELIEVE "Chip" Mason would do it. Neither did he. For weeks, Mason said Friday, he had "cold feet" before pulling the trigger on by far the biggest deal of his life and for Legg Mason Inc. - swapping 1,540 brokers for $437 billion in assets...
IN THE MAIN dining room at Shula's on West Fayette Street, over cocktails and a dinner featuring 12-ounce strip steaks and filet mignon, Smith Barney executives gave Marvin H. McIntyre and an elite group of Legg Mason brokers their best sales pitch....
Sun StaffJohn M. Rusnak, the Allfirst Financial Inc. currency trader who lost $691.2 million in what prosecutors called a "complex and sophisticated" scheme, was indicted Wednesday on federal bank fraud charges. If convicted in one of the largest financial...
Los Angeles Times Staff WriterAfter months of investigations and weeks of negotiations, Wall Street firms and government regulators may know this week whether they'll soon be able to reach a comprehensive settlement over stock-analyst conflicts. The two sides will hold meetings...
Los Angeles TimesWorldCom Inc., the nation's second-largest long-distance company, crumpled into bankruptcy late Sunday, brought down by massive debt, a shortage of cash and an accounting scandal that rocked investor confidence. The Clinton, Miss.-based...
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