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feds
Latest Headlines
Latest Headlines
Zvi Goffer pleads for mercy, says he has changed
Zvi Goffer could be going away for a long time. By now, given the rush of insider trading activity, you likely do not remember that he chose to fight insider trading charges---and lost.
A New York federal jury found Goffer--a former trader at Raj Rajaratnam's Galleon Group--guilty of 14 counts
Star defense witness received funds from Rajaratnam
Will this prove to be the dramatic courtroom surprise that proves pivotal for the prosecution in the Raj Rajaratnam trail: upon cross examination of the defense's star witness, Richard Schutte, prosecutors revealed that eight weeks before the start of the trail, Rajaratnam invested $15 million in
One solution to the pay conundrum
Too bad AIG didn't think of this. Credit Suisse has raised eyebrows for its plan to pay out part of its bonuses in toxic assets. Typically, bankers at Credit Suisse get about half of their bonuses in cash. For the rest, such as managing directors (of those who got a bonus anyway) they were forced
Citi to sell Smith Barney; feds tightening grip
Vikram Pandit, CEO of Citi, has been forceful in his assertions that size was Citi's strength, and that he would not break up the company. He caught a lot of flack, but he seemed to be sincere. So what should we make of the news that Citi is in talks to sell a majority interest in Smith Barney to
How will banks use their new capital?
The banks that received federal money in the first tranche were pretty much told not to sit on it. They have to deploy it somehow. So that raises the question: How? You would have to think all of them are thinking about acquisitions of some type. Even after buying Bear Stearns and Washington Mutua
Biovail's case for short conspiracy debunked?
Recall that in early 2006, Biovail filed a $4.6 billion suit that charged 24 hedge funds and research analysts with engaging in a scheme to push the company's stock with lies and planted stories in the media. The debate was widely covered, and ensnared some really big names, such as SAC Capita
ALSO NOTED: Citigroup may sell Japanese consumer finance unit; Morgan Stanley closes infrastructure fund; and much more...
Company News: > Morgan Stanley closes infrastructure fund. Article > More on HSBC earnings. Article > Citigroup may sell Japanese consumer finance unit. Article > Soros on Bear Stearns. Video > Evercore posts a 1Q loss. Article > Ladenburg Thalma
ALSO NOTED: Fitch puts Countrywide on evolving credit watch; Bank of America ready to integrate LaSalle; and much more...
Company News: > Interactive Brokers Group to sell shares in Dutch auction. Article > Fitch puts Countrywide on evolving credit watch. Article > Ladenburg Thalmann buys Punk, Ziegel & Co. Article > First Marblehead to slash jobs, costs. Article > More o
Bear Stearns: A timeline of decline
Yahoo! Finance Quote for BSC/
So what ultimately led to the demise of one of Wall Street's top banks? While CEO Alan Scwartz is taking a lot of heat for the freefall of Bear Stearns, few can argue he was a sitting duck when he replaced embattled former CEO Jimmy Cayne in January.
Ex-employee threatening Goldman Sachs?
Well, it doesn't look like any terrorist cells were targeting Goldman Sachs . Nope. The cops
