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We've noted often that prosecutions and regulatory activity follow scandals. The New York Times highlights an area that many have identified as rife with conflicts: the auction rate securities... Read more...
Just a month ago, Goldman Sachs was the envy of Wall Street for its prowess in alternative investments. It seemed to have cracked the nut, making money every which way, dealing with the conflicts.... Read more...
Remember the old days of Greed and Glory on Wall Street? It used to be that traders and bankers were at constant loggerheads. Traditionally, the genteel bankers held the real power. But... Read more...
The issue of consultants who advise institutions on where to invest and whether they should receive fees from money managers has lingered long in the industry. More seem to be cognizant of the... Read more...
Fortune has a thoughtful look at the deal for Kinder Morgan. Hard to believe but when the $13.5 billion deal was announced about a year ago, it was the second largest in history.... Read more...
The rise of dark pools has been noted by many. Such execution services now handle about 10 percent of all shares traded each day. They sport cool names like Liquidnet, Sigma X, VortEx and the... Read more...
Not too long ago, a few banks shied away from private equity activity because they did not want to compete with their clients. Lehman Brothers for one has stuck to this. That proved to be a... Read more...
Just when you thought that Citigroup's overseas woes were over. It is on trial in Australia, and the case is being seen as test of how banks manage proprietary trading and the possible conflicts... Read more...