Macquarie’s Moore Says Commitment to Funds Depends on Market Improvement Macquarie Group Ltd.’s Chief Executive Officer Nicholas Moore said support for the publicly traded funds that drove 16 years of profit growth at Australia’s largest investment bank depends on markets improving.
Cuomo Pension Fund Probe Widens as Texas Financier Charged in New York New York Attorney General Andrew Cuomo, after charging a money manager with funneling illegal payments to a political consultant in exchange for investment business, said he is expanding his pension-fund kickback probe.
Fed May Offer Five-Year TALF Loans for Commercial Mortgage-Backed Bonds The Federal Reserve is close to offering investors five-year loans to buy commercial mortgage- backed securities, granting an industry request, a person familiar with the matter said.
Aberdeen Assets to Increase $55 Billion on Purchase of Credit Suisse Funds Aberdeen Asset Management Plc, Scotland’s largest independent money manager, said assets under management will rise by 62.1 billion Swiss francs ($55 billion) as a result of its acquisitions of Credit Suisse Group AG’s Asia Pacific funds.
Allen Stanford Tries, Fails to Surrender to Marshals at Houston Courthouse R. Allen Stanford, the Texas billionaire accused by regulators of running an $8 billion fraud, tried unsuccessfully to surrender to U.S. marshals in the federal courthouse in Houston.
S&P 500’s Best Month in Nine Years Is Driven by Profits Beating Estimates U.S. stocks posted the biggest monthly gain in nine years as companies from Wells Fargo & Co. to Marriott International Inc. and Ford Motor Co. beat profit estimates, spurring speculation the recession is easing.
Municipal Bonds Post Best April in 20 Years Amid Federal Subsidy Deals Municipal bonds posted their biggest April gains in two decades as the advent of federally subsidized taxable offerings from state and local governments reduced new tax-exempt debt issues by about 29 percent from last year.
Nardelli Returns to Cerberus Without Golden Parachute From Chrysler Years Robert Nardelli has ended his sojourn at Chrysler LLC and is going back to the buyout firm that installed him as head of the automaker less than two years ago.