163 articles found within the last year.
Displaying results 81 - 100
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Banks get OK to repay $68bn in bailout money
The Treasury Department has approved 10 of the ... The Treasury said the banks, which were not ... In separate statements, Morgan Stanley said it is ... The list of large financial firms expected to ... As market conditions have begun to stabilise, banks ... While some big banks will be allowed to...
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Financier's girlfriend is given probation
The girlfriend of former hedge fund executive Samuel ... US District Judge Kenneth Karas in White Plains, ... "This has been a horrible ordeal for Ms. ... Ryan, pleaded guilty in February to a single ... She originally was charged in the matter last ... On June 9, 2008, Israel's sport-utility vehicle was...
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Evercore hires five in wealth push
US bank Evercore has made five hires to ... Evercore Wealth Management, which launched last autumn, has ... Charles Swindells, who was most recently a vice-chairman ... The two remaining partners have not been named ... Ralph Schlosstein, who was named chief executive of ... Evercore’s investment management unit made a pre-tax loss...
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Investors stay cautious on hedge funds
The number of investors withdrawing their investments with ... Morgan Stanley has published a report called 'Wholesale ... If the US bank’s estimate is correct, this ... Huw van Steenis, head of European banks and ... He said: "We see a material slowing in ... Van Steenis added that a "dramatic" deceleration of...
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Banks balk at US push to rein in derivatives
The battle lines are being drawn in the ... A group of banks and money managers will ... The banks are treading a fine line. They ... Earlier this month, the US proposed giving the ... Wall Street banks with large derivative-trading businesses have ... Potentially billions of dollars in revenue is at...
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Dimon points to competition as guaranteed bonuses return
Jamie Dimon, the chairman and chief executive of ... Financial News revealed this week that banks including ... Speaking at the Sanford C Bernstein strategic discussions ... Dimon said: “We have some very smart tough ... A string of smaller boutiques including Moelis &...
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Evercore hands new chief $6m signing-on bonus
The new chief executive of investment banking boutique ... Ralph Schlosstein, a co-founder of asset management company ... In a filing with the US Securities and ... Schlosstein is due to receive a $1.3m bonus ... The terms were first reported by footnoted.org, a ... This week Jamie Dimon, the chairman and chief...
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Goldman’s Q2 looks as robust as Q1
When banks recorded their first quarter profits in ... Credit Suisse has put a lie to that, ... Credit Suisse said it anticipated Goldman would record ... When first quarter numbers came out, Goldman lapped ... When first quarter results came in, pessimists said ... Since the credit markets had all but shut...
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US boutique prime broker hires from UBS
Boutique US prime broker Conifer Securities has continued ... Joseph Young, a former managing director of prime ... The past eight months have brought immense flux ... In this turmoil, hedge funds sought out new, ... Boutiques have benefited both from funds adding brokers,...
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Hedge fund industry sceptical about fraud office plans
Hedge fund practitioners have expressed concerns over plans ... The SFO has said this week that it ... A spokesman also told Financial News the organisation ... The news follows the SFO aresting two men ... Jacob Schmidt, founder of London hedge fund consultants ... The hedge fund industry was also rocked this...
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Rare April losses hit infallible Paulson
John Paulson, the hedge fund manager who profited ... The US manager's five hedge funds each made ... Paulson's flagship Advantage Plus fund, which held $9.1bn ... Paulson's two oldest funds, which invest in companies ... The news of these monthly losses came as ... However, the firm's five hedge funds have made...
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News Analysis: Investors braced for bigger say on pay
Executive compensation is a topic that has long ... The movement in the US towards mandatory "say ... In the past, for a company to begin ... Say on pay is already required in some ... Following the collapse in the public markets in ... Another 11 companies had passed say on pay...
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Banks use life insurance to fund bonuses
Banks are using a little-known tactic to help ... Banks took out much of this life insurance ... Bank of America has the most life insurance ... The insurance policies essentially are informal pension funds ... Though not improper, the practice is similar to ... Efforts to rein in the practice largely have...
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Federal Reserve to regulate 'too big to fail' banks
Responsibility for regulating banks that are "too big ... In a regulatory reorganisation which could be unveiled ... As part of the same reorganisation, a new ... Treasury Secretary Timothy Geithner, National Economic Council director ... Other plans include a federal agency being given...
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US loan default rate exceeds 2002 peak
The default rate of US loans has exceeded ... US loan default rates – when measured on ... Although widely expected, this measure, known as the ... There are two ways to measure default rates ... The rise in loan defaults is significant as ... A consensus is emerging that defaults will peak...
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Top-performing convertible funds face 'bumpy' road
Investors in the best-performing hedge fund strategy of ... Convertible bond arbitrage lost 24.5% as a strategy ... During the first quarter of this year the ... However, Credit Suisse/ Tremont warns: "Convertible arbitrage...could be ... Convertible arbitrage hedge fund managers have been taking...
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Luxembourg orders closure of UBS wealthy fund
Luxembourg authorities have taken action for a second ... In a relatively rare move for the duchy, ... The order to liquidate the Luxembourg Investment Fund ... In February the regulator, Commission de Surveillance du ... One investment consultant said: "We have seen regulators...
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US eyes bank pay overhaul
The Obama administration has begun serious talks about ... The initiative, which is in its early stages, ... Administration and regulatory officials are looking at various ... Among ideas being discussed are Fed rules that ... At the same time, House Financial Services Committee...
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Hedge fund charity falls again
The extent to which the financial crisis has ... The charity took $17.3m from ticket sales - ... In addition to these ordinary donations, billionaire hedge ... Hedge fund managers generally have less cash to ... However, hedge funds have made money for their ... The Robin Hood Foundation, which focuses on fighting...
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Investment manager hires former Stanford team
A US investment manager has hired three former ... Baird, which runs practices including private equity and ... Vollen worked at Stanford Group from April last ... US regulator the Securities and Exchange Commission filed ... Federal agencies had had Stanford on their radars...
