The Latest Breaking News from Bernard Madoff

The FTSE 100 index closed up 42.92 points at 9,696.74.

The lender reported pre-tax profits of 7.3 billion US dollars (£5.5 billion) for the third quarter, down from 8.5 billion US dollars (£6.4 billion).

The London-headquartered lender will put by the provision in third quarter results due to be published on Tuesday.

A New York philanthropist and personal assistant to billionaires, Matthew Christopher Pietras, allegedly stole millions from his employers and donated large sums to prominent charities to maintain a facade of status, wealth and generosity.

There’s something uniquely captivating about a financial genius who goes broke. These are the very people who once seemed to hold the keys to unlimited wealth, doling out advice and building empires based on their financial prowess. They were Wall Street wizards, bestselling authors, investment icons—until it all came crashing…

Victims have recovered nearly 94% of their initial investments with the final payout from the victim fund.

Federal prosecutor Damian Williams in New York says his office is busy with lots of crimes but he wants to find more

Lawyers for a wealthy self-exiled Chinese businessman are seeking bail for him two weeks after his arrest, saying he cannot properly prepare for trial from behind bars

The director tells Clémence Michallon about his new Netflix documentary ‘Madoff: The Monster of Wall Street’, the collapse of FTX, and how history seemingly repeats itself