French private-equity fund managers are predicting their own exile if lawmakers back President Francois Hollande’s proposed tax increases on the profit the industry makes from investments.
By 2100, some 10 billion people will inhabit the earth, according to the United Nations. It’s a topic that vexes climate change experts, with one prominent Oxford University Professor forecasting an “unprecedented planetary emergency.”
The firms most likely to benefit first from new rules that would allow hedge funds to conduct wide advertising campaigns aren’t hedge funds.
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Senator Chuck Grassley (R-IA), along with Senator Mark Kirk (R-IL), are launching an investigation into Treasury Secretary Timothy Geithner’s 'complacency' surrounding the LIBOR scandal.
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that JOHN A. MATTERA pled guilty in Manhattan federal court to charges of securities fraud, wire fraud, and conspiracy to commit securities fraud and wire fraud in connection with a $13m scheme to defraud investors through false ownership claims of stock in Facebook and Groupon before their initial public offerings, and in other private companies. In connection with his guilty plea, MATTERA agreed to pay restitution to the victims of his offense and consented to the entry of a $13m forfeiture order.
The International Monetary Fund's chief economist has warned that the global economy will take a decade to recover from the financial crisis as the latest snapshot of the UK economy suggested that growth in the third quarter will be at best anaemic.
It was always going to end in tears - it was just a question of who was going to do the crying.
In the face of "constant hostility"—including lawsuits and a general lack of interest in promoting the industry—banks ought to leave New York and head for friendlier terrain, analyst Dick Bove said.
The combined $63bn in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.
Here's the Thomson Reuters Worldwide M&A League Table for the first 9 months of 2012.
Five major banks, including Barclays and Royal Bank of Scotland, have been fined a record $5.7bn (£3.7bn) for rigging foreign exchange markets in the latest scandal to engulf the banking industry.
It could have been a lot worse.
Societe Generale has named Alexandre Courbon head of French mergers and acquisitions and said Hubert Preschez will assume responsibility for global relations with large French companies.