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Four Apollo Global Management private equity affiliates settle with SEC

SEC Building

The Securities and Exchange Commission have announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7m settlement for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds.

RBS set for another investor lawsuit

RBS building

At an English country mansion last month, lawyers for Royal Bank of Scotland (RBS) sat down with representatives of angry shareholders to broker an end to what may end up being the costliest case in British legal history.



Houses of Parliament

Competition regulator's grilling on banks was exquisite torture

Inquiries into the banking sector have arrived at a rate of about one a year for the past couple of decades, but has any been as feeble as this summer’s offering from Competition and Markets Authority? That was the one that concluded that a few tweaks, like better price comparison websites and a voluntary cap on overdraft charges, might succeed where stiffer remedies had failed in the past to boost competition.