Hints and tips:
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Credit Suisse was the sole underwriter of the Social Capital flotation. Shares were allocated to a concentrated group of investors, including mutual funds, hedge funds and sovereign wealth funds....
...He had been prosecuted after alerting shareholders to a fraud at Equity Funding Corporation of America, an insurance company....
...Mark Newman, an analyst at Bernstein who already had an “underperform” rating on the stock, said Toshiba was overvalued and the recent relief rally was overdone....
...Mr Fishbein is recognised in this year’s report for his representation of Todd Newman in the landmark US v Newman case, which clarified the definition of insider trading....
...On Tuesday, the Japanese semiconductor-to-nuclear conglomerate blamed lower credit ratings and increased fundraising costs as a result of its accounting scandal for taking an impairment charge of ¥260bn...
...Mr Low had also received a “special thanks” in the film’s closing credits....
...Investors shied away from the Solera deal because of the company’s high debt and the size of the deal, said David Newman, head of global high yield at Rogge Capital Partners....
...The overturned convictions of Messrs Newman and Chiasson have already had an effect on other cases....
...He added that Daniel Ek, Spotify’s chief executive and founder, “deserves a tremendous amount of credit for pushing the rock up the hill”....
...Defence lawyers hinge their argument on a leading 1983 Supreme Court decision called Dirks v. SEC....
...Defence lawyers argued a leading 1983 Supreme Court decision called Dirks v. SEC was the guiding principle....
...Indeed, “whilst all money is credit, not all credit is money: it is the possibility of transfer that makes the difference”....
...Todd Newman, a former employee of Diamondback, was one of seven men charged last week in what the authorities called a $62m insider trading scheme....
...Conrad Voldstad: Critics of credit default swaps have got it wrong There has been so much criticism of credit default swaps (CDS) of late that you would think no one was using them any longer, notes Voldstad...
...A full 23 years after its premiere, most of the 20-plus real Wall Street denizens interviewed for this article displayed an encyclopaedic knowledge of the plot; Gekko’s ruthless attempt to raid an airline...
...halts Liverpool FC bid over debt concerns September 20 2010 The credit unit of Blackstone pulls out of talks with Liverpool’s owners to refinance the debt on the club....
...Dubai will hope it can welcome more bankers like V. Shankar....
...With the almost certain return of growth in the previous quarter, it is not an “L” but not yet robust enough to be a “V”. The likelihood of a “W” also seems far-fetched....
...Instead, the money went into a string of unregistered vehicles with names like UBS Diversified Growth LLC and then on Ponzi-style payments to earlier investors, as well as the mansion, a Panamanian casino...
...“This possibility makes many asset managers nervous, particularly against the backdrop of the credit crunch or some of the other recent financial catastrophes,” says Mr Newman....
...America’s story makes a frightening read for banks on the other side of the Atlantic....
...Bank of America will make about $600m and Citigroup $300m. The banks will cash in about half their stakes....
...Best regards, Andrew Lahde, CFA Portfolio Manager Lahde Capital Management, LLC...
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