SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.
Industry
McClendon Forms American Energy Partners
McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.
Proposed Legislation to Complicate Bank Operations
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
The deVere Group Opens Shop in Cayman Islands
The deVere Group opens its offices on the Cayman Islands. The deVere Group has recently announced the establishment of its regional office in the Cayman Islands as a signal to its presence in the area.
PIMCO Seeking Non-securitized Loans for High Yields
PIMCO's head of credit portfolio management is seeking to acquire investments and loans that have high risk but provide high returns.
Latest News
Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
The new Chief Human Resources Officer of Think Finance is Marcella Butler. Marcella Butler is Think Finance's new Chief Human Resources Officer as disclosed by the developer of online financial products.
Iconic Hostess Brands to return to the market after bankruptcy issues were resolved. Hostess Brands LLC disclosed plans to reopen its bakery in Kansas by summer.
Major equity firms such as Carlyle, Pantheon and Victoria are setting up shop in Peru and Colombia. Three major private equity firms are opening up offices in the emerging markets of Peru and Colombia to ride the crest of deals that rate higher than the economic growth of Brazil.
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
In a warning report, Reuters has found that debt issuances by companies have reached near 2007 levels.
Citi hires Ben Story, former head of Deutsche Bank. Former Deutsche Bank head Ben Story has been appointed by Citigroup to become head of UK Investment Banking and Brokerage.
