Romney’s take-off
©Getty On the rise: Mitt Romney helped double sales and jobs at Key Airlines, a small charter company The first leg of Mitt Romney’s journey to a private equity fortune…
Brevan Howard co-founder to step down
Christopher Rokos, co-founder of Europe’s second largest hedge fund manager, Brevan Howard, is to leave the firm. Mr Rokos is one of the most prominent hedge fund traders in the…
ISS backers agree partial stake sale
The private equity backers of ISS have agreed to sell a quarter of the Danish outsourcing group to new investors in an effort to pay down debt and move towards…
Libor row prompts wider benchmark debate
As the accusations and recriminations surrounding the Libor scandal rumble on, a wider debate is emerging over how other benchmark rates and indices are calculated. The scandal has already garnered…
Small companies – hard to help
“If at first you don’t succeed, try, try again. Then quit. There’s no point in being a damn fool about it.” NYSE Euronext might want to heed WC Fields’ aphorism…
MF Global trustee to sue former executives
The trustee charged with recouping money for clients of MF Global has chosen to sue former executives of the failed broker, including Jon Corzine, former chief executive. James Giddens, the…
New York regulator strides into spotlight
©Bloomberg Benjamin Lawsky, New York state’s banking supervisor, shocked investors, bankers and fellow regulators with his order last week alleging that Standard Chartered falsified records and impeded government investigations when…
Lloyds in £1bn private equity sale
Lloyds Banking Group on Wednesday announced it is to sell more than £1bn of investments in private equity, joining other financial institutions looking to reduce their stakes in buyout funds.…
Carlyle’s $3.3bn bid wins Getty Images
Carlyle Group has emerged as the winning bidder for Getty Images, the world’s largest distributor of stock photos and videos, in an auction that pit some of the biggest names…
PPI claims companies ‘slowing resolution’
The Financial Ombudsman Service says that claims management companies that promise big payouts to victims of the payment protection insurance mis-selling scandal are slowing down its work. The ombudsman, which…
Berkshire cuts P&G and Kraft holdings
©Bloomberg Warren Buffett’s Berkshire Hathaway sold a fifth of its holdings in Procter & Gamble during the second quarter, before Bill Ackman, the activist investor behind Pershing Square Capital, disclosed…
Judge dismisses Goldman shareholder suit
©Bloomberg Goldman Sachs has scored its third legal victory in a week after a New York judge dismissed a law suit filed by shareholders against the bank’s top management. Senior…
Banks withdraw food commodity funds
©Getty European banks are withdrawing vehicles that allow investors to speculate on food prices due to reputational concerns amid pressure from campaigners and politicians. Volksbanken of Austria on Tuesday became…
Lib Dems push to reopen bank reform
©Bloomberg Nick Clegg and Vince Cable are leading a push to reopen talks on UK banking reforms in a move that could stoke coalition tensions. The Liberal Democrat deputy prime…
Mis-selling row threatens banks’ reform win
Convincing the government to take a softer stance on the rules around ringfencing derivatives was one argument the banks thought they had already won. As soon as the Vickers commission…