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Blackstone charged by SEC for failure to disclosure adviser benefits

Sec Building

The Securities and Exchange Commission has announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39m to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees.

China fears spook would-be investors in IPOs


Potential investors in companies hoping to raise funds on European markets through stock market flotations have been “spooked” by fears over slowing growth in China, according to PwC, one of the largest professional services firms in the world.



Money On Hook

C Suisse - No evidence of ex-banker mis-using position

Credit Suisse said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal.

Dog Detective

Ex-Goldman banker banned from industry

A former Goldman Sachs banker who pleaded guilty to receiving documents that had been misappropriated from the Federal Reserve Bank of New York has been banned from the financial industry.