Enron, Stanley Fink, M&A, Derivatives

The New York Times reports that two more former Enron executives have been given their jail time for crimes related to the demise of the former energy giant. Michael Kopper, once number two man to Enron's former chief financial officer Andrew Fastow, and Mark Koenig, the company's ex-head of investor relations, were sentenced in Houston Friday. Kopper got 3 years and one month, whilst Koenig received 18 months.

The Daily Telegraph reports that Man Group CEO Stanley Fink has transferred $7.57m of his stock in the firm to an unnamed charity. A noble, and tax-efficient gesture. Fink, who steps down from the top job next year, is a well-known supporter of children's charities.

The Sunday Times reports that the total value of global M&A deals so far this year has already surpassed the previous best for a full year. According to research firm Dealogic, some $3,368bn in deals have been announced since January, beating 2000's previous record high of $3,332. Deals involving European companies are said to have made up around 40% of the total.

Finally, The Independent quotes the Bank of International Settlements, which says that the global market for financial derivatives has hit a new record high of $370bn for the first 6 months of the year.

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