The accounting problems at Autonomy were hard to miss, noted short-sell Jim Chanos told CNBC's "Squawk Box" on Wednesday, and HP should have seen them.
Although the noise from HP on Tuesday was about the accusations against unnamed former managers at Autonomy, the real concern should be that the company which Silicon Valley once looked to as the engine of invention is spluttering.
Yep, there's one.
Poor old Kweku Adoboli.
Brevan Howard Asset Management LLP, Europe’s second-biggest hedge fund, is rebuilding in the U.S. after largely pulling out during the 2008 financial crisis.
The Wall Street Journal reports that Citi's new(ish) CEO Michael Corbat has had to withstand a couple of awkward moments over the last few weeks.
For the sixth time, the U.S. government has linked an employee of hedge-fund icon Steven A. Cohen to insider trading while at the firm. For the first time, prosecutors said Cohen had talked with a defendant about the stocks in their complaint, pulling him deeper into one of the biggest investigations of securities fraud in history.
Brian Stoker, who fended off regulators’ claims that he helped Citigroup mislead investors in a $1bn deal, has joined StormHarbour Securities LP in a sales position.
Coutts, the international private banking and wealth management firm headquartered in London, has held the official opening of its new premises in the Dubai International Financial Centre (DIFC).
Hewlett Packard's surprising announcement of accounting irregularities at Autonomy caught the market by surprise on Tuesday and led to a nearly 12 percent decline in the company's stock. But Autonomy's accounting had been questioned by analysts years ago, according to one equity analyst that CNBC spoke to.
New York’s banking regulator has asked Deutsche Bank for e-mails, memos, client lists and other details as part of an effort to survey how broadly a set of suspicious trades extended beyond the bank’s Moscow office, according to a person briefed on the matter.
Michele Foresti, who left Bank of America in December, was hired by hedge-fund firm Brevan Howard Asset Management, a person with knowledge of the move said.
Piper Jaffray has announced that it has entered a definitive agreement to acquire River Branch Holdings, an investment banking boutique focused on the financial institutions sector.