The quibble with Barclays' sale of its 19.6% stake in US-based fund manager BlackRock is the timing. The UK bank has been free to sell since last September and eight weeks ago enjoyed the pleasant sight of BlackRock's shares trading above $200 for the first time in a year.
Facebook shares have fallen sharply on a second day of trading, leading to questions about the valuation of its IPO and the handling of the sale by its bankers.
By Eli Lederman
Let's not make a drama out of a crisis. And, hey, what's a few billion between friends ?
Mark Zuckerberg's fortune dwindled by nearly $2bn (£1.3bn) to $18.7bn within minutes on Monday as trading began again in Facebook shares – which promptly plunged by nearly $5, or more than 10%, from their Friday closing price of $38.23.
By William Cohan
The Wall Street Journal reported Friday that it could reach $5bn, but others think that that's a conservative estimate.
The plot thickens.
The Upper Tribunal has directed the Financial Services Authority (FSA) to fine ex-UBS professionals Sachin Karpe £1.25m and Laila Karan £75,000 and ban them both from performing any role in regulated financial services for failing to act with integrity and for not being fit and proper persons.
The fallout from the Raj Rajaratnam case continues.
Bankers should let financial regulations play out before decrying their effect on markets, former Massachusetts Rep. Barney Frank said on Thursday.
Completed distressed debt and bankruptcy restructuring activity totaled US$16.8 billion during the first quarter of 2015, a 62% decrease from the first quarter of 2014.
The robots are winning again.