Hartford Financial Services Group’s independent brokerage unit Woodbury Financial Services hasn’t posted a profit for at least five years, but some investment bankers say that won’t deter a small circle of expansion-minded rivals from bidding on the business. Last week …
Wall Street’s own watchdog filed a complaint against Charles Schwab Corp. on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation of industry rules. The Financial Industry Regulatory …
Larry Hagman, the actor who played the villainous J.R. Ewing in the 1980s TV show “Dallas,” has won his case that he was victimized by Citigroup Inc., and the bank was ordered to pay over $11 million in damages. The …
Australia’s Macquarie Group Ltd. is in talks to acquire Fox-Pitt Kelton Cochran Caronia Waller, a small investment bank owned by its management and private equity firm J.C. Flowers & Co LLC, a person familiar with the matter said Thursday. Macquarie …
Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses. The California Public Employees’ Retirement System said in a lawsuit filed last …
The $173 billion government rescue of American International Group Inc. is stoking resentment among investors who see it as a backdoor taxpayer bailout of Goldman Sachs Group Inc. and other banks. Six months after the government stepped in save an …
Federal and New York state prosecutors have launched an investigation of the credit default swap market, inquiring whether speculators had manipulated CDS transaction data to put more pressure on the shares of banks weakened by the credit crisis. On Monday …
