BRIC Inventor O’Neill Checks Out Early From Goldman Sachs
O'Neill, who coined the term 'BRIC' to describe the emerging-markets juggernaut of Brazil, Russia, India and China, surprised the asset management world with his early retirement.
Top 13 Regulatory Predictions for 2013
Former SEC Commissioner Annette Nazareth, who’s now with Davis Polk & Wardwell, and her colleague Gabriel D. Rosenberg released in early January their list of 13 key regulatory predictions for this year.
UBS to Pay $1 Billion for Libor Manipulation
UBS will pay $1 billion to settle allegations that it manipulated Libor, according to the Financial Times and other publications. The news about UBS’ settlement will likely be made public on Monday.
LIBOR Case Subpoenas Expand to 16 Banks
Now the list of subpoenaed banks has expanded to a total of 16, including Société Générale and Royal Bank of Canada (RBC), and more attorneys general are coming in on the investigation.
Homeowners Sue on LIBOR Manipulation
The class action alleges that traders at the 12 banks were incentivized to manipulate LIBOR to a higher rate on certain dates, resulting in homeowners having to pay more.
Critics Attack Dual Class of Manchester United Shares
Not everyone is happy about the Manchester IPO scheduled for Friday. Critics are especially hard on the share structure, which allows the Glazers to remain in control.
Traders May Face Criminal Charges Over LIBOR
U.S. and European authorities are said to be close to making arrests and bringing criminal charges in the LIBOR manipulation scandal.
Spain Spooks Investors as Eurozone Confidence Falls
The Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
Bundesbank Warns Greece as E.U. Leaders Meet
Germany’s Bundesbank warned Greece on Wednesday that if it failed to carry through with reforms it had previously agreed to, it would jeopardize any further aid funds.
New Index Tracks Sputtering Economic Recovery
Rather than wade through the IMF's 250-page forecast, a new, interactive web page allows you to quickly grasp that the global economy remains on life support.