Lehman Subpoenas Goldman Sachs, SAC, Greenlight in Its Bankruptcy Probe Lehman Brothers Holdings Inc., which has been investigating whether any companies may have contributed to its bankruptcy, issued at least five subpoenas to investment firms and hedge funds including Goldman Sachs Group Inc., according to court filings.
Bain Capital’s Sankaty Advisors Said to Raise $900 Million for Debt Fund Sankaty Advisors LLC, Bain Capital LLC’s debt-investment affiliate, has raised about $900 million to lend to medium-sized companies as capital for that sector remains restricted, according to two people familiar with the situation.
Goldman Sachs Fraud Suit Hinges on Meaning of `Selected’ in Paulson Abacus The case against Goldman Sachs Group Inc. may turn on the meaning of the word “selected.”
Bank of New York Mellon Goes to Trial Over Use of Sentinel Investor Funds Bank of New York Mellon Corp. is defending itself at trial against allegations it knew cash management firm Sentinel Management Group Inc. improperly used investor’s assets as collateral for a $312 million line of credit.
NAB’s $12 Billion Axa Asia Bid Blocked by Regulator, Clearing Way for AMP National Australia Bank Ltd.’s A$13.3 billion ($12.2 billion) bid for asset manager Axa Asia Pacific Holdings Ltd. was blocked by regulators, prompting rival suitor AMP Ltd. to signal a fresh offer.
Goldman Sachs Faces Probes in Britain, Germany After U.S. Files Fraud Suit Goldman Sachs Group Inc.’s stock price may fall and the board could come under pressure to change managers after European politicians followed a U.S. fraud suit with plans to scrutinize the firm, investors said.
Asia, Europe Sovereign Wealth Funds Grow by 19%, State Street Survey Says Sovereign wealth funds in Asia- Pacific, Europe, Middle East and Africa increased assets by 19 percent over nine months, according to a survey of 12 clients by State Street Corp., the world’s third-largest custody bank.
Goldman Sachs Results May Show Whether Debt-Trading Dominance Is at Risk Goldman Sachs Group Inc., accused by regulators last week of fraud in its mortgage-securities business, may show investors tomorrow whether its dominance of Wall Street’s debt trading is being eroded by competitors.
Recovery Tilts Toward V-Shape as U.S. Profit Surge Prompts Growth Revision Surging profits are prompting economists to revise their estimates for growth, tilting the recovery more in the direction of a V-shape as businesses from Intel Corp. to JPMorgan Chase & Co. boost spending.
Mekong Capital, Run by Ex-Templeton Manager, Revives Vietnam Fund Plan Mekong Capital, founded by a former Templeton Asset Management Ltd. portfolio manager, has revived efforts to raise money for its fourth Vietnam fund after halving the amount it was targeting.