If it seems to good to be true....
Here's the latest from our Highly Placed Professional.
Bloomberg reports that Barclays will sell its entire $6.1bn stake in BlackRock before the latest round of Basel rules stops it from counting the holding as capital.
A real Facebook drama.
European M&A Down 19%; WW M&A Falls 30%
Man Group plc ('Man') has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management 'FRM'), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion.
Britain's banks are strong enough to withstand any Greek exit from the eurozone but need to keep bolstering their financial strength in the face of the escalating crisis, according to a member of a Bank of England regulatory body.
Shares in Man have been volatile for some while on worries about the hedge fund's performance, and they have fallen again after negative noises from Standard & Poor's.
A Greek exit from the single currency threatens to plunge Britain into a second recession equal in ferocity to the record postwar slump of 2008-09, according to the expert responsible for the government's economic forecasting.
Apparently he was so shocked, he couldn't breathe.
Silicon Valley venture capital firms are missing out on the opportunity for better returns by not recruiting more women, Elevation Partners co-founder Roger McNamee told CNBC on Tuesday.
A former Swiss asset manager pleaded guilty to helping U.S. clients hide millions of dollars in offshore accounts and avoid paying federal income taxes.
A New York judge this week dismissed a lawsuit filed by the state's attorney general that accused HSBC of ignoring a law designed to protect homeowners from foreclosure.