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.
Here's a list of folks who could be called as witnesses (by either the defence, prosecution or both) in the Rajat Gutpa insider trading trial.
Here's a round-up of all the latest news.
The Senate banking committee plans to call JP Morgan boss Jamie Dimon to Washington to explain how the bank lost $2bn in poorly-supervised trading.
U.S. Senators Charles E. Schumer (D-NY) and Bob Casey (D-PA) have unveiled a comprehensive plan to respond to those like Facebook co-founder Eduardo Saverin, who recently unleashed a scheme to renounce his U.S. citizenship in order to allegedly dodge taxes on profits he is expected to collect when the social-networking company goes public.
Richard Woolnough of M&G is among the biggest earners in an industry famed for its bloated pay packets. Last year he scooped £17.5m following a bumper year for his bond funds.
A former Goldman Sachs computer programmer charged with stealing code from the investment bank is scheduled to go on trial on Wednesday, the second time in five years he will be in front of a jury for essentially the same accusations.
Patriarch Partners and Lynn Tilton filed a counter-suit against the Securities and Exchange Commission on Wednesday, days after regulators accused her advisory firm of breaching its fiduciary duty.