Prosecutors are exploring whether to strengthen deferred or nonprosecution agreements from two years ago, or scrap them altogether and force the banks to plead guilty to a crime, say lawyers briefed on the cases.Read more…
With Fed Stimulus Ending, Questions Over What’s Next for the Markets
By Peter EavisOne measure of liquidity points to a a bumpier road ahead for emerging markets and commodities markets.Read more…
Start-Up Lendoor Aims to Use Crowdfunding for Small-Business Loans
After the Securities and Exchange Commission adopts a regulation to allow virtually anyone to participate as a lender, Lendoor plans to use crowdfunding to give loans to small businesses.Read more…
Banker in Middle of Fight Between Goldman Sachs and Libya
The emergence of Jaber George Jabbour in a battle between Libya’s sovereign wealth fund and Goldman Sachs reveals the complex relationship between banks and public sector entities.Read more…
Certain Traders May Get Early Looks at S.E.C. Filings, Paper Finds
Because of a lag in the S.E.C. website, investors that pay a subscription fee can gain access to public filings seconds before they are seen by the general public, long enough for high-frequency trading strategies, according to a new academic paper.Read more…
Familiar Clouds Still Shadow Deutsche Bank
The costs of litigation and regulation are still weighing on Deutsche Bank, and investors remain to be convinced that it has made the right call on fixed income, currencies and commodities, George Hay writes for Reuters Breakingviews. Read more…
Fiat Chrysler to Spin Off Ferrari Sports Car Brand
Fiat plans to list about 10 percent of Ferrari’s shares and distribute the remaining stake to its shareholders some time next year. It will be the first time Ferrari has been independent since the late 1960s. Read more…
Investor Activism, Already Robust, Expected to Rise in Next Year
A survey by the law firm Schulte Roth & Zabel and the data provider Mergermarket, to be released on Wednesday, reflects the undiminished confidence in the power of outspoken dissident investors. Read more…
S.&P. in Settlement Talks Over Mortgage Securities
McGraw Hill Financial said its Standard & Poor’s unit was in “active discussions” with regulators on a possible settlement over ratings on commercial mortgage-backed securities issued in 2011.Read more…
Berkshire Hathaway Sells Marketing Unit |
Berkshire Hathaway, the conglomerate run by Warren E. Buffett, has sold its World Marketing unit to Robert M. Kraft, a Wisconsin businessman, Reuters reports. The terms were not disclosed. Read more »
JPMorgan Chase Drops Plan to Build 2 West Side Towers |
The proposed building project foundered on issues including the size of a package of tax breaks for the bank that was publicly scoffed at by Mayor Bill de Blasio, Charles V. Bagli reports in The New York Times. Read more »
Lobbyists, Bearing Gifts, Pursue Attorneys General |
Attorneys general are now the object of aggressive pursuit by lobbyists and lawyers who use campaign contributions, personal appeals at lavish corporate-sponsored conferences and other means to push them to drop investigations, change policies, negotiate favorable settlements or pressure federal regulators, Eric Lipton reports in The New York Times. Read more »
Carlyle Reports Lower Profit on Weakness in Hedge Funds
The third-quarter results reflected disappointing investment performance in certain areas outside Carlyle’s core private equity business. Read more…
Morning Agenda: Shake-Up at Deutsche Bank
Deutsche Bank reports third-quarter earnings and management shake-up. | Facebook plans to increase spending. | The Fed is expected to end its bond-buying program. | A lesson on saying “no” to a hostile bid. Read more…
Shell Midstream Partners Raises $920 Million in New York I.P.O.
The limited partnership, which owns stakes in a group of pipelines primarily in Louisiana and Texas, sold 40 million shares in the offering.Read more…