DealBook – From Benghazi To The Boardroom: The Road To The $7 Billion Citigroup Settlement – 14 July 2014

DealBook

By BEN PROTESS, JESSICA SILVER-GREENBERG and MICHAEL CORKERY

Updated, 8:23 p.m. | The stage was set for another public shaming of a Wall Street bank.

QUOTE: The Justice Department flew in a prosecutor from Colorado and planned for a news conference in Washington to announce a lawsuit against Citigroup over mortgage securities that had imploded during the financial crisis.

Read the full story at: www.dealbook.nytimes.com / link to original article

Advertisement

DealBook – Prosecutors Seek Sentence Of At Least 8 Years For Martoma In Insider Trading Case – 28 June 2014

DealBook

By MATTHEW GOLDSTEIN

Federal prosecutors are recommending that Mathew Martoma, a former trader who worked for the billionaire investor Steven A. Cohen, be sentenced next month to at least eight years in prison for insider trading, if not significantly more.

Read the full story at: www.dealbook.nytimes.com /link to original article

DealBook – Soros Dabbles In Shareholder Activism – 28 June 2014

DealBook

By CHRISTOPHER SWANN

Is George Soros turning activist? His $29 billion hedge fund has famously confronted governments. But facing off with a $1 billion United States oil and gas company is novel. The move gives underperforming corporate bosses another scourge to fear.

Read the full story at: www.dealbook.nytimes.com / link to original article

DealBook – R.B.S. Chairman Says High Banker Pay Contributed To Financial Crisis – 25 June 2014

DealBook

By Chad Bray

EDINBURGH – Like its rivals in Britain, the Royal Bank of Scotland has been unable to escape criticism from shareholders over the amount of compensation that bankers are paid.

Read the full story at: www.dealbook.nytimes.com / link to original article

DealBook – HSBC To Sell Some Swiss Private Bank Assets To Liechtenstein Group – 24 June 2014

DealBook

By CHAD BRAY

LONDON – The British bank HSBC said on Tuesday that it had agreed to sell a portfolio of Swiss private banking assets to a unit of the LGT Group Foundation of Liechtenstein.

Read the full story at: www.dealbook.nytimes.com / link to original article

DealBook – SAC Capital’s Deal With S.E.C. Gets Final Court Approval – 19 June 2014

DealBook

By MATTHEW GOLDSTEIN

The Securities and Exchange Commission’s insider trading lawsuit against Steven A. Cohen’s former hedge fund SAC Capital Advisors is finally over.

Read the full story at: www.dealbook.nytimes.com / link to original article

DealBook – S.E.C. Fines Firm Over Whistle-Blower Retaliation – 16 June 2014

DealBook

By ALEXANDRA STEVENSON

The Securities and Exchange Commission has sounded a warning to Wall Street and corporate America, taking aim at a hedge fund not only for improper trading but for punishing the employee who blew the whistle on the wrongdoing.

Read the full story at: www.dealbook.nytimes.com / link to original article

 

DealBook – Supreme Court Denies Appeal By Argentina In Debt Case – 16 June 2014

DealBook

By ADAM LIPTAK

WASHINGTON — The Supreme Court on Monday turned away Argentina’s appeal of a lower court’s decision requiring it to pay holders of bonds on which it had defaulted. The Supreme Court’s brief order gave no reason for declining to hear the case.

Read the full story at: www.dealbook.nytimes.com / link to original article

DealBook – Bank Account Screening Tool Is Scrutinized As Excessive – 16 june 2014

DealBook

By JESSICA SILVER-GREENBERG and MICHAEL CORKERY

In her early college years, when Charlette Williams started routinely mismanaging her finances and pushing her checking account balance into the red, she never thought the mistakes would haunt her five years later, she said. Now, she is paying a steep price.

QUOTE: On Monday, New York’s attorney general will become the first government authority to take aim at how banks use the databases, according to people briefed on the matter, who spoke on the condition of anonymity. The attorney general’s office is expected to announce that Capital One has agreed to fundamentally change the way it uses the largest database, ChexSystems, barring only customers who land in the database for fraud.

Read the full story at: www.dealbook.nytimes.com / link to original article

DealBook – Weekend Reading: London Bankers May Be Slow To Return Your Calls – 15 June 2014

by Motivation Records Rik Mayall’s Noble England (OFFICIAL VIDEO)

Dealbook

Who has time to advise a deal or underwrite an initial public offering when important events are taking place in one of the BRIC countries?

Read the full story at: www.dealbook.nytimes.com /link to original article