The Securities and Exchange Commission's charges against ex-Goldman Sachs board member Rajat Gupta on insider trading is yet another blow to investor confidence, Matthew Halbower, CEO and chief investment officer of hedge fund Pentwater Capital Management, told CNBC Tuesday.
At least two federal regulators confirm they have reached an agreement on the terms of a Qualified Residential Mortgage, according to government sources.
Shares of Yoku, the Chinese Internet video company, may have been saved from a severe drop today by a new SEC rule on short selling.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Italian banks, which are shareholders in the country’s central bank, want to have their stakes in the Bank of Italy marked-to-market on the back of surging gold prices.
The Senate on Monday will begin debating a bill that critics say will undermine American strength abroad, plunder the United States economy and exceed the government’s constitutional authority. The subject: patent reform. The New York Times reports.
JPMorgan Chase has raised its voice in the chorus of banks objecting to how the Fed is interpreting the Durbin amendment. Durbin is an amendment to the Dodd-Frank Act that would cut fees merchants pay on debit cards.
After appearing on "The Strategy Session" on Wednesday, Lewis Ranieri, the "father" of the trillion dollar mortgage market and founder of the Hyperion private equity fund, continued the discussion off-air with David Faber, about the long road ahead for Freddie Mac and Fannie Mae.
The residential mortgage-backed security market will reemerge beyond Fannie Mae and Freddie Mac, Lewis Ranieri, the "father" of the trillion-dollar mortgage market, told CNBC on Wednesday.
Hedge fund managers are hiring security firms to sweep their offices and homes for listening devices, security experts say, in reaction to the US government’s insider trading investigations. The FT reports.
Accused Ponzi schemer Allen Stanford has joined convicted Ponzi schemer Bernard Madoff at the federal prison complex in Butner, North Carolina.
The SEC has chosen a former Altria and AOL executive to head its new Whistleblower Office, the commission said Friday. Sean McKessy will wield the new power given to the SEC under the Dodd-Frank law passed last year.
By most measures, including key ones such as sales and jobs growth, the great growth engine of the American economy in the past four decades is still in a recovery mode—not an expansionary one., as is the manufacturing sector.
Now for a bit of good news: Rationality may be breaking out in the hedge fund world.
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Federal regulators may be close to issuing enforcement action against mortgage servicers involved in faulty foreclosure paperwork.
When Andrew M. Cuomo was sworn in as New York’s chief executive six weeks ago, he took control of a multibillion-dollar budget, tens of thousands of state workers and hundreds of agencies. But Mr. Cuomo appears to want to hang on to his old job, too, reports the New York Times.
There’s an air of paranoia on Wall Street about today’s NYSE spacer deal with the Germans. But history suggests it’s unjustified. Inevitably, the new business unveiled today will also be shaped over time by changing needs.
Anyone who cares about deals would do well to read Monday’s opinion from Chancellor Laster in the litigation brought by shareholders against Del Monte Foods.
The merger deal between NYSE Euronext and Deutsche Boerse, creating the world's largest exchange operator, is likely to have multiple levels of cultural challenges, Rodgin Cohen, senior chairman Sullivan & Cromwell, told CNBC on Tuesday.