Wells Fargo has bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years.
Goldman Sachs and Bain Capital Partners are set to defend what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers.
Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management portfolio manager Todd Newman were convicted of securities fraud and conspiracy for an insider-trading scheme that reaped more than $72m.
The Securities and Exchange Commission has charged a Connecticut-based investment adviser with falsely stating to clients that it was co-investing alongside them in two collateralized debt obligations (CDO).
Gone but not forgotten.
Jefferies Group has said fiscal fourth-quarter profit rose 48%, beating analysts’ estimates, as trading revenue surged.
The National Credit Union Administration (NCUA) has filed suit in Federal District Court in Kansas against J.P. Morgan Securities and Bear, Stearns & Co., alleging violations of federal and state securities laws in the sale of $3.6bn in mortgage-backed securities to four corporate credit unions.
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.
Bernard Madoff’s brother, Peter Madoff, should get a 10-year prison term for his role in perpetuating the multibillion-dollar fraud, U.S. prosecutors said.
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.
Any EMEA involvement announced deals for the first half of 2015 by Thomson Reuters.
Any UK involvement announced deals for the first half of 2015 by Thomson Reuters.
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.