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RBS rejected warning over cash call, lawsuit hears

RBS building sign

Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.



SEC Building

Pimco to pay $20m, settles charges over ETFs

The Securities and Exchange Commission has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20m to settle charges that it misled investors about the performance of one its first actively managed exchange-traded funds (ETFs) and failed to accurately value certain fund securities.

Hedge Fund

Hedge fund gains 22% in November following dollar bet

Dymon Asia Capital (Singapore)’s currency hedge fund gained an estimated 22% in the first 25 days of November as bets on weaker Asian currencies paid off, with some investors making triple that gain by putting money into a highly leveraged version.