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RBS denies it mislead investors

RBS building

Royal Bank of Scotland admitted it has made bad decisions but vowed it had not 'misled' investors as it lined up its defence against a $6.5bn lawsuit from shareholders.

UBS rogue trader ruling

Kweku Claus

U.S. securities laws have their limits and do not justify making UBS liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3bn of losses, a federal judge ruled on Friday.



Receading Hedge

Report - Avenue Capital now closing its original hedge fund

Amid a negative performance and a shift to funds with longer-term investor commitments, the distressed-investing firm Avenue Capital Group is closing its original hedge fund, Avenue Investments, and returning money to the fund's investors.