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The SEC has charged four in connection with a scheme to fraudulently overvalue Bank of Montreal's commodities portfolio. This was done allegedly by deliberately "mismarking" trading positions for... Read more...
What to make of Ospraie's Dwight Anderson? He built a $9 billion commodities hedge fund that stumbled badly this summer. Anderson seemed to have done everything right. Fortune notes his passion for... Read more...
In addition to the 10 percent job excision earlier this year, Morgan Stanley intends to cut another 10 percent across is institutional securities business and almost 10 percent in its asset... Read more...
We've noted here and on FierceFinanceIT that a patent war has been looming in the financial services industry, just as it has long raged in the technology and biotech industries. Companies pretty... Read more...
Can any one country really regulate the capital markets? The issue has cropped up in the wake of the Wall Street Journal's report (later reported on by the Washington Post) about Vitol, the big Swiss... Read more...
We noted recently that hedging commodities poses big risks for traditional hedgers, ag companies, airlines, energy companies and the like. Big farm corporation Read more...
We've noted that sovereign wealth funds, despite the political controversy, represent a vast source of new business of Wall Street firms. IDD fleshes out the idea a bit. Read more...
Equity mutual funds have seen about $100 billion pulled by investors in the first three months of the year. Ouch! For now, it seems people have soured on mainstream stocks. Money market funds and... Read more...