LightSquared Files for Chapter 11 LightSquared filed for bankruptcy-court protection as a deal to keep hedge-fund manager Philip Falcone’s venture from defaulting wound down.
Chase Pitches New Plastic J.P. Morgan Chase said it will start selling prepaid debit cards in its 5,541 branches this summer, accelerating the banking industry’s push to generate revenue with new fee-based consumer products.
Continue reading …A New Port Emerges for Global Investors As the U.S. and Europe struggle under the weight of their crises, the center of gravity of the investing world is slowly shifting toward developing markets.
Continue reading …New Ripples for Gupta Case Goldman’s shares surged just before Rajaratnam purchased the stock in 2008, suggesting others may have had early notice of Buffett’s big investment in the firm. The stock run-up could emerge as a key point in the defense of Rajat Gupta at his insider-trading trial.
Continue reading …Froth May Be Off U.S. Stocks Slowing earnings growth and fresh worries that the Federal Reserve might be less willing to pump new cash into the financial markets are taming the bulls.
Continue reading …BofA Hires Veteran UBS Banker Bank of America has hired Alex Wilmot-Sitwell, a veteran banker at UBS AG, striking back after a series of senior defections to its Swiss rival.
Continue reading …MetLife Settles Probe MetLife agreed to pay $ 40 million to settle a multistate regulatory probe into unclaimed life-insurance policies.
Continue reading …Deutsche Bank Sets Stock Issue in Bid to Allay Capital Worries Deutsche Bank is preparing to issue up to roughly $ 4 billion in stock as part of an effort to improve its capital levels and meet new international rules known as Basel III.
Continue reading …Bond Recipes Use Fresh Ingredients
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