Tag:
MOUs
Latest Headlines
Latest Headlines
More banks on probation
The Fed, OCC and Federal Deposit Insurance Corporation are on track to issue about 600 secret MOUs to banks this year. That compares with 399 such agreements issued last year. These secret agreements call for banks to shape up--or end up in receivership. Article
(FDIC, MOUs, Receivership)
PE investors worry about Lehman's stake in hedge funds
Lehman Brothers was bullish on hedge funds not too long ago. It amassed minority stakes in several big-name fund firms, notably DE Shaw, GLG and Ospraie, notes the Financial Times . Recall Lehman took a $100 million second-quarter writedown due to its stake in GLG, which trades publicly and has
