Archive for February, 2012

Ziggo: state of the market

The IPO of the Netherlands’ cable operator will hold clues for other private equity offerings

Insider trading probe broadens to pharma stocks

FBI widens investigation from tech stocks with 300 people under scrutiny over hedge fund deals linked to drug approval and takeovers

NY Fed ends sale of AIG bail-out portfolio

The Federal Reserve Bank of New York has completed the sale of a portfolio of risky mortgage securities once held by AIG for a profit

After Danny Baker brands all insurance a waste of time and money, we ask: Do we really need to buy insurance?

Outspoken radio presenter Danny Baker does not sit on the fence. He thinks insurance is a waste of time and money. And worse, it encourages people to live in a state of constant anxiety. We investigate…

Former SEC lawyer settles Madoff claim

David Becker agrees to pay more than $550,000 to the trustee overseeing the firm’s liquidation

HSBC foreclosures halted for more than a year

The US lending subsidiary has halted foreclosures for more than a year amid allegations it illegally seized homes using false documents, the bank revealed

KKR chiefs take home $94m each

Private equity has faced intense scrutiny for the way executives have built fortunes aided by beneficial tax treatment

Wells Fargo’s reticence pays off

Lender’s reluctance to join the exotic mortgage frenzy has paid off as it now leads with a market share nearing one in three of US home loans

FX dealer says UK business would save by using renminbi

Small and medium-sized companies could save up to 3% if they paid Chinese suppliers in their own local currency, rather than dollars

Big lenders urged to keep supporting CPP

Barclays, Santander and RBS are under political pressure not to cut financial ties with troubled credit card and identity theft insurer

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