Former US Treasury Secretary Timothy Geithner will be joining global private equity firm Warburg Pincus LLC in March. Geithner became notable for his role during the US financial crisis.
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Ackman, Berkowitz seeks to recover equity in Fannie Mae, Freddie Mac before US takeover
Although taking different approaches, investors Bill Ackman and Bruce Berkowitz were attempting to salvage securities acquired before the US housing crisis with a combined value of more than USD100 billion, said a Bloomberg report.
Snapchat rejects Facebook because the latter is losing its cool factor - source
An article published on tech news site VentureBeat raises the question on the staying power of social media giants and Silicon Valley darlings like Facebook and Twitter.
Former government executive hires seen on the rise in investment firms - report
A trend in hiring former government officials in executive roles had been seen in investment firms, said a Bloomberg report. Recently, Warburg Pincus LLC appointed former US Treasury secretary Timothy Geithner as its new president.
International lenders with broker-dealer carry risks to financial stability- Eric Rosengren
Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.
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Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
Keith Teare, the founder of just.me, told TechCrunch that he is interested in purchasing the assets of the mobile messaging platform which would be selling its five assets separately.
Reporter Becky Pritchard tried living for one week without using products or services that were supported by the private equity industry-- and was surprised at how difficult the experience was.
As preparations regarding a potential merger between Vodafone Group Plc and AT&T Inc was happening, Paulson & Co said in its regulatory filing that it had increased its ownership stake in the phone company.
A rise of mega donations in universities had been seen by individuals as a form of repayment to their educational attainment and career successes, said a philanthropy expert.
US Federal Reserve Vice Chair Janet Yellen showed strength and loyalty in a two-hour confirmation hearing with the US Senate Banking Committee regarding her nomination for the Fed Chairman role.
Fee examiner Richard Stern recommended to Judge Allan Gropper that USD 240 million in fees and expenses be paid to Eastman Kodak Co's lawyers and advisers.
Herbalife Ltd fourth largest shareholder Bill Stiritz said he would most likely take part in a leveraged buyout of the company, as the nutrition company is in the middle of pyramid scheme accusations by hedge fund manager Bill Ackman.
Despite Daniel Loeb's assurance that he or his hedge fund Third Point LLC does not have any plans to ouster FedEx Corp founder, chairman and chief executive Fred Smith, an analyst said
