Lehman Forced to Revise Bankruptcy Exit Plan
After some creditors rejected Lehman Brothers' Chapter 11 proposals, the company revised its plan to exit bankruptcy, filing a new plan in New York, Bloomberg reported Wednesday.
FCIC Subpoenas Goldman Sachs & Co.
The Fraud Enforcement and Recovery Act of 2009 gives FCIC power to compel Goldman Sachs to produce missing witnesses and documents.
Fiduciary Standard Absent from Senate Reform Bill
But broker/dealers and insurers may see better informed retail investors vote with their heads and feet.
A 12-Step Program for Wall Street?
Some Wall Street firms are being investigated for conduct that does not comport with good business practices but rather the basest forms of self dealing, or allegedly, worse. Maybe Glass-Steagall was a good idea after all.
When Bad Things Happened to Good Firms, Like Goldman Sachs
Like many of you, I suspect, I've been following with some interest the latest act in the financial reform circus: the Goldman Sachs case. Despite...
Erosion of Trust
If it has become de rigueur for Wall Street to not disclose important facts even under suitability, I must have missed the memo.
Gary Shilling meets me at the bar of the restaurant with a large plastic jar in his hands. Since developing a serious beekeeping hobby a...
Paulson Hires Business Development Director
NEW YORK (HedgeWorld.com)--Paulson & Co. has named Philipp Levy managing director for business development, a new position at the firm. Mr. Levy is responsible for strategic business development and asset raising for the firm's event arbitrage strategy. He reports to Dennis Pollack, chief operating officer. "We are seeing significant interest...
New Year: Rising Market Tide Lifts Merger Arbitrage
This is the fourth article in an ongoing series that examines what's ahead in 2004, from the viewpoints of industry experts. NEW YORK (HedgeWorld.com)--Several factors suggest...