Rajaratnam, Chiesi Face Additional Charges in Galleon Insider-Trading Case Galleon Group LLC founder Raj Rajaratnam and Danielle Chiesi, a New Castle Funds LLC consultant, face new insider-trading charges based on evidence provided to prosecutors by three defendants who pleaded guilty.
Shinsei Merger With Aozora Bank in Danger of Collapse, Credit Suisse Says Shinsei Bank Ltd., the Japanese lender partly owned by U.S. investor Christopher Flowers, may cancel its merger with Aozora Bank Ltd. and book a loss, Credit Suisse Group AG said in a report.
Commercial Paper Investors Recoup Losses a Year After Swap: Canada Credit New Gold Inc., Acceleware Corp. and other companies once saddled with insolvent commercial paper in Canada are recouping as much as 60 percent of their investments a year after a C$32 billion ($30 billion) debt swap.
High-Yield Debt `Flavor of Month’ as Asian Economies Grow, StanChart Says “Selective picking” of high-yield bonds in industries benefiting from a growing Asian economy, such as infrastructure and resources, will deliver better returns than the bonds of investment-grade companies, according to Standard Chartered Plc.
Paulson Tells Buffett U.S. to Get `Every Penny’ of Bailout Back from Banks Former Treasury Secretary Henry Paulson, responding to a question from billionaire Warren Buffett, said the U.S. government will be repaid in full for the funds it put into the country’s lenders.
China Sovereign Fund Buys Oil Fund, Joining Goldman Sachs, Morgan Stanley China Investment Corp., the nation’s sovereign wealth fund, invested for the first time in the U.S. Oil Fund, an exchange-traded crude-futures fund, joining Morgan Stanley & Co. and Goldman Sachs Group among the top holders.
Ex-Morgan Stanley Investment Banker Zaoui Said to Weigh Starting Own Firm Michael Zaoui, a 21-year Morgan Stanley dealmaker who helped advise Arcelor SA in the takeover by Mittal Steel Co. that created the world’s largest steelmaker, may set up his own firm this year, according to people familiar with the matter.
Temasek’s Fifth Bonds in as Many Months Rise in Their First Day of Trade Temasek Holdings Pte’s S$1 billion ($704 million) of 10-year bonds, the Singapore state-owned investment company’s fifth debt issue in as many months, rose on their first trading day.
Stanford Investors May Get `Interim’ Payments in Proposal, Receiver Says R. Allen Stanford’s receiver is working on a plan that may provide “several million dollars” in interim payments to investors allegedly defrauded in a $7 billion Ponzi scheme.
`Blind Pools’ Lose Appeal as Ziman, Callahan Plan Real Estate IPO Comeback Richard Ziman and Timothy Callahan want to raise money in the equity market after selling their real estate companies for a combined $12 billion before the property crash. Investors may balk at bankrolling their return.