Legal fallout from credit crunch will drag on for years November 4, 2010 PROSECUTIONS against banks, accountants and financial advisers resulting from the economic downturn will continue to be brought for years to come, says a City law firm. Cases at the High Court, where most financial services sector cases are heard, have jumped 16 per cent to 49,583 so far in 2009, up from 42,709 in 2008. [...]
Jury out in Galleon case April 25, 2011 THE fate of hedge fund manager Raj Rajaratnam was in the hands of a jury yesterday, after Wall Street’s biggest insider-trading trial in two decades approached its climax. In a case that featured FBI phone taps and former friends who testified against him, Rajaratnam, the founder of the Galleon Group hedge fund, was accused of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2010 FINANCIAL TIMES US REGULATOR WIDENS STANFORD PROBE TO BROKERS US securities regulators have broadened their investigation into the alleged $8bn Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products. JPMORGAN CUTS BACK ON US SILVER FUTURES JPMorgan has quietly reduced a [...]
Marry for love not money: get a prenup April 27, 2011 THE couple that has been plastered across everything from tea towels to canvas shoes will be married tomorrow. While everyone celebrating will be wishing them a long and happy life together, many have speculated on whether or not the couple have signed – or should sign – a prenup. After all, William’s mother reportedly walked [...]
Cut out the showboating, son! Judy Murray not a fan of Andy’s flamboyance June 14, 2011 BRITISH No1 Andy Murray’s flashes of showmanship during this week’s triumph at Queen’s Club may have universally delighted fans – but there is one person who didn’t enjoy his new-found flamboyance. Murray’s mum Judy (right, with Andy), who cheers and grimaces through every point as much as – if not more than – her son, [...]
Cut out the showboating, son! Judy Murray not a fan of Andy’s flamboyance June 14, 2011 BRITISH No1 Andy Murray’s flashes of showmanship during this week’s triumph at Queen’s Club may have universally delighted fans – but there is one person who didn’t enjoy his new-found flamboyance. Murray’s mum Judy (right, with Andy), who cheers and grimaces through every point as much as – if not more than – her son, [...]
The activist fund with a taste for court action April 4, 2011 The hedge fund currently terrorising companies including National Express and Actelion is a fearsome opponent in boardroom battles. Elliott Advisors is the UK arm of Elliott Management, one of the oldest hedge funds in the world with $17bn (£10.5bn) of assets. Founded by Harvard law graduate Paul Singer in 1977, it has turned defending shareholder [...]
The activist fund with a taste for court action April 4, 2011 The hedge fund currently terrorising companies including National Express and Actelion is a fearsome opponent in boardroom battles. Elliott Advisors is the UK arm of Elliott Management, one of the oldest hedge funds in the world with $17bn (£10.5bn) of assets. Founded by Harvard law graduate Paul Singer in 1977, it has turned defending shareholder [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]