With oil prices predicted to stay lower for longer and the $100 per barrel price tag something of a distant memory, analysts suggest the behemoth fund’s days of stellar growth may be numbered.
The Securities and Exchange Commission has charged credit rating agency DBRS with misrepresenting its surveillance methodology for ratings of certain complex financial instruments during a three-year period. The firm agreed to pay nearly $6m to settle the charges.
Cutting right to the chase.
An alleged lapse in risk controls on a series of trades said to be worth hundreds of millions of dollars.
Banking 'outcasts' fight back.
In play ?
A former trader at UBS asked a broker at RP Martin Holdings for help moving Libor because he’d 'heard you knew magic'.
Sanford I. Weill, a Wall Street billionaire, and his wife, Joan, have decided not to donate $20m to a struggling northern New York college after a judge ruled that it could not be renamed for Mrs. Weill, college officials said on Thursday.
Twelve months have passed since the nerve-shredding "flash crash" in US Treasurys and the financial industry is pushing though initiatives aimed at improving stability and liquidity in global fixed income markets.
'Accelerating the next phase of our transformation program to create cost efficiencies'.
Nomura’s embattled investors have something to cheer about after the brokerage unveiled plans to buy back more shares and posted its biggest overseas quarterly profit in seven years.
Credit Suisse won a lawsuit by property owners in four upscale resorts in the western U.S. who alleged that the investment bank funded loans based on inflated appraisals of the developments that caused their financial ruin.
The Big Apple Circus, whose clowns, acrobats and animals performed free for disadvantaged children and the elderly, has folded the tent that has been perched behind Manhattan’s Lincoln Center each holiday season since 1981.