Tag:
probes
Latest Headlines
Latest Headlines
UBS stumbles, rogue trader case proceeds
The Kweku Adoboli scandal has been nothing short of a nightmare for UBS.
The rogue trader's $2.3 billion losses prompted the resignation of CEO Oswald Grübel and the co-heads of equities. Eight people in the delta trading division were suspended and multiple private and public probes have been
Big changes ahead for expert networks
If Wall Street is anything, it's resourceful. It will not easily give up on a proven money-making idea. It's a given that hedge funds and other buy-side players remain hungry for insights into companies. The question is how this thirst will be slaked.
After Reg FD passed in 2000, the expert ne
Minor errors can add up in foreclosure fiasco
When it comes to the on-going foreclosure fiasco, the truth is fast becoming less relevant. Bank of America (NYSE: BAC ) may be entirely honest when it says it has not uncovered a single case of a foreclosure case brought in error (though some are snickering at that).
It may be entirely tru
Pequot Capital saga not over yet
The SEC has closed out its controversial probe of possible insider trading at hedge fund Pequot Capital, but two senators aren't willing to give up just yet, reports Portfolio . Charles Grassley, on the Senate Finance Committee, and Arlen Specter, on the Judiciary Committee, have asked Arthur S
SEC to take hard line on rumor spreading
As soon as Jamie Dimon went off on short sellers (see next item), the SEC took the unusual step of issuing a warning that it is taking hard look at rumor mongering to manipulate securities prices. This is not necessarily news. We all knew various probes were underway. One settlement had already be
ALSO NOTED: Bear Stearns shareholders to vote on JP Morgan offer May 29; UBS to lay off 8,000?; and much more...
Company News:
> BNY Mellon buys rest of BNY Trust Australia. Article
> UBS to lay off 8,000? Article
> Bear Stearns shareholders to vote on JP Morgan Chase offer May 29. Article
> Bank of America analyst: More industry pain ahead. Article
> Deutsche Ba
ALSO NOTED: Goldman Sachs aims to grow prime brokerage business in Asia; Moody's adjusted loss assumptions for 2006 CDOs; and m
Company News: > Legg Mason buys 13,500 shares. Article > Many options for Yahoo? Article > Bayou fallout: Goldman Sachs prime brokerage to be probed. Article > Goldman Sachs aims to grow prime brokerage business in Asia. Article
Industry News: > Goo
Commerce to end some family ties
Commerce Bancorp has long been considered a pioneer in the retail banking sector. Its user-friendly branch
See this week's featured jobs and top stories ; provided by eFinancialCareers.com ;
ALSO NOTED: Skilling to be sentenced; Privacy and new credit cards debated; and much more...
Company News: > Investors Financial shares take a hit. Article > Italian bank to buy Albanian
