JPMorgan says its felony plea for market rigging shouldn’t bar it from owning part of LightSquared, a satellite company emerging from bankruptcy and trying again to set up a mobile broadband service.
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.
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.
Michael Horn, president and CEO of Volkswagen (VW) Group of America, will confirm he knew of the company’s emission rigging issues as early as spring 2014, according to a statement released ahead of a congressional inquiry on Thursday.
Turmoil at Glencore could have repercussions for the banking sector, according to leading City analysts who are expecting the big lenders to provide information about their exposure to commodity firms in the coming weeks.
A settlement was reached in the divorce trial of hedge fund manager Ken Griffin on Wednesday.
The next financial crisis is coming, it’s a just a matter of time – and we haven’t finished fixing the flaws in the global system that were so brutally exposed by the last one.
There were 285 individual analysts representing 41 firms singled out for their performance, according to the latest Institutional Investor rankings.
'We are deeply saddened by the sudden passing'.
Wall Street’s surviving fat cats are getting even fatter.
Jefferies Group is making more changes to the investment-banking division that manages relationships with private equity firms, according to people familiar with the matter, following the departure of the group’s global head, Adam Sokoloff, in March.
The European Union's banking watchdog will move from London to another European capital if Britain decides to quit the bloc in a referendum this week, its chairman said in an interview published on Sunday.
Jacob Gottlieb’s Visium Asset Management, the once high-flying hedge fund firm that at its peak managed $8bn, is shutting down four of its remaining hedge funds after one of its star managers was arrested and accused of insider trading.