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Knight Capital's Board Said Split on Buyout

Knight Capital Group Logo

Knight Capital Group's board was split between two competing offers for the firm after a meeting on Monday where suitors Getco Holding Company and Virtu Financial presented their sweetened bids to Knight's directors, sources involved in the talks said.

Libor Founder Minos Zombanakis Condemns Rate Manipulators

Barclays Building Sign

Amid mounting calls for the bankers who rigged Libor to be jailed, the Greek financier widely credited with inventing the benchmark interest rate has said that without the key ingredients on which it was built – honesty and trust – the formula was doomed to fail.



SEC Building

SEC charges Deloitte & Touche with violating auditor independence rules

The Securities and Exchange Commission has charged Deloitte & Touche LLP with violating auditor independence rules when its consulting affiliate maintained a business relationship with a trustee serving on the boards and audit committees of three funds it audited. Deloitte agreed to pay more than $1m to settle the charges.