Deutsche Bank Swallows $4 Bln of Charges for Clean Up
plunged to its worst quarterly loss in four years on Thursday
after it took nearly $4 billion in charges to try and draw a
line under a slew of scandals and boost its balance sheet
without asking shareholders for cash.
The Hedge Fund Transparency Challenge
As hedge funds face an onslaught of financial regulations and data reporting requirements from regulators and investors, they're scrambling to aggregate data and calculate risk metrics.
Dell Founder May Control PC Maker After Buyout-Bloomberg
Dell Inc's founder and
chief executive may pay as much as $1 billion out of his
personal fortune to assume control of the world's No. 3 PC maker
in a leveraged buyout, Bloomberg News reported on Wednesday
citing people familiar with the matter.
U.S. Probed Media's Handling of Economic Data — Source
U.S. law enforcement
authorities conducted an investigation into whether media
companies facilitated insider trading by prematurely releasing
market-sensitive government data, but decided not to bring
charges, a source familiar with the probe said.
RBS Close to Libor Settlement with U.S., UK Authorities - WSJ
Royal Bank of Scotland Group is
close to a 500 million pounds ($785.32 million) settlement with
U.S. and British authorities over claims that some of its
employees submitted false Libor rates, the Wall Street Journal
reported, citing people briefed on the negotiations.
Video: The Future Of Data Management
Larry Tabb of TABB Group recently discussed with WS&T senior editor Melanie Rodier how firms are adapting their data management processes to the post-financial-crisis environment.
Buy Side Needs to Assess Readiness for Derivatives Regs
With mandatory clearing of derivatives set to begin on March 13, Woodbine Associates provides a checklist for buy-side firms to assess their readiness for new derivatives regulations, including clearing, execution venues and pre-trade analysis.
The Kyte Group Goes Live with AlgoSpan
Futures commission merchant The Kite Group is tapping AlgoSpan for low-latency infrastructure and access to European exchanges/MTFs, to meet the demands of HFT clients and hedge funds.
Hedge Funds Jostling to Bet Against France's Peugeot
Hedge fund short-sellers have
hoovered up nearly all available shares in Peugeot in
their scramble to bet the French carmaker will be an early
victim in an industry struggling to overcome a collapse in
Market Ebullience Due a Reality Check
Only four weeks into the new
year, ebullient world stock markets have clocked up gains of
more than four percent, so already there are murmurs about
whether it's too much, too soon.
ConvergEx to Sell OMS/EMS Platforms to TPG Capital
The brokerage firm signed a definitive agreement to sell its popular software business consisting mainly of Eze Castle Software and RealTick to a private equity firm, TPG Capital, which will "create two optimal businesses," the company said.
Re-Thinking Operational Risk on Wall Street
With no let-up in the flow of operational risk accidents at major banks, firms are hiring more seasoned experts and throwing more resources at the function. But more work needs to be done.
Morgan Stanley Wealth Unit Fuels Jump in Profits
executives made good on their promise to reap earnings from the
bank's burgeoning wealth management business, reporting on
Friday that profit margins in the business soared in the fourth
Silver Lake Hunts for Investors in Dell Deal — Sources
Silver Lake Partners,
trying to finalize a bidding group to take Dell Inc
private, is in talks with the manager of Canada's pension plan
and other potential investment partners, people familiar with
the matter said.
Citigroup Profit Hit by More Than $2 Bln in Charges
Citigroup Inc posted
$2.32 billion of charges for layoffs and lawsuits in the first
financial report under its new chief executive, Michael Corbat,
who cautioned that the bank needs more time to deal with the
problems it faces.
BATS Glitch is Latest to Highlight the Complexity of the Markets
The complexity of modern
markets means there are bound to be more events such as the
systems error that led to hundreds of thousands of trades being
executed improperly on BATS Global Markets over the past four
years, the head of the No. 3 U.S. equities exchange said on