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Who Will NY AG Schneiderman Sue Next ?


Eric Schneiderman, the New York State Attorney General, has made it abundantly clear that the lawsuit he filed against JPMorgan Chase over mortgage-backed securities issued by Bear Stearns is just the beginning. There will be more lawsuits coming.

Moelis & Co Acquires Freeport Financial Partners

Moelis & Company

Moelis & Company, the global independent investment bank, has announced the acquisition of Freeport Financial Partners LLC, an investment manager that provides financing solutions to middle market companies. The acquisition expands Moelis & Company’s asset management platform and enables Freeport to benefit from the added resources and global reach of a larger organization.

Standard Chartered Says Biggest Shareholder Isn't Being Critical

Standard Chartered Shanghai Towers

The Wall Street Journal has reported that, according to its sources, Temasek Holdings, the Singapore state investment company that is the biggest shareholder of Standard Chartered, has been expressing its discomfort with the bank's governance and is pressuring it to appoint more independent directors.



Statue Of Liberty

DOJ to announce currency manipulation settlement

The Department of Justice will announce a currency manipulation settlement with some major international banks as early as Wednesday, with certain bank holding companies expected to plead guilty to rigging foreign exchange markets.