Fitch Comments on Fortress CEO Mudd's Leave of Absence
NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group's (Fortress) announcement yesterday that its Chief Executive Officer, Daniel Mudd, would take an immediate leave of absence following a
Springleaf Financial Services Announces Appointment of Jay Levine as New President and CEO and Retirement of Frederick W.
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Springleaf Financial Services (Springleaf) announced today that its board of directors has appointed Jay Levine as the new President and Chief Executive Officer
CNBC and Institutional Investor to Launch Annual Investor Conference
Premier Conference for the Investor and Business Elite to be Held on September 14, 2011 at The Pierre in New York CityENGLEWOOD CLIFFS, N.J., April 27, 2011 /PRNewswire/ -- CNBC, First in Business
Apollo prices IPO high
The current IPO market has opened up a window of opportunity--through which Apollo Global Management has just jumped. It has priced its long-awaited IPO, and Mr. Market has rewarded it with a warm
Fannie, Freddie look to alternative mortgage services
Fannie Mae and Freddie Mac perhaps have the most to lose in the foreclosure fiasco. They have already suggested they'll get more litigious with banks and mortgage originators, and seem bent on
Citi to grow or sell its consumer sub-prime unit?
When it comes to sub-prime lending, some banks have thrown in the towel. HSBC has beat a hasty retreat. Wells Fargo has announced it will shutter all of its Wells Fargo Financial, which ran 638
Fortress to buy most of AIG unit; More on Wells Fargo fine for overdraft fees;
Goldman Sachs sinking Meg Whitman; Fortress fee income rises;
Fortress Investment's Dreier debacle, whose fault?
The Marc Dreier fraud played second fiddle to the Bernard Madoff fraud. But in some ways, it was just as remarkable. How a mid-tier lawyer could dupe so many for so long is a wonder. Turns out that
More on hedge funds faring well
The resurgence of hedge funds this year has been often noted. To put it in perspective, recall that in the 12 months following January 2008, roughly $1 trillion was withdrawn by investors. The damage
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