A day after the Trump administration sent a missive to all federal employees inviting them to resign, the U.S. Securities and Exchange Commission’s acting boss, Mark Uyeda, addressed staff in a packed auditorium at its Washington headquarters. In his opening …
The co-founder of a Florida financial firm facing investor lawsuits alleging securities fraud has died by suicide, and a spokesperson on Monday denied wrongdoing, saying the death was not connected to a class action lawsuit filed last week. Eric Holtz, …
Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic. But as …
Fruit smoothies may become the new martini for Wall Street holiday parties. Banking and trading firm BTIG LLC, for example, cut alcohol from its annual employee celebration on Dec. 12 at its New York offices. Instead, guests did yoga and …
Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. “Certainly, this is not a value-oriented environment,” said Harris, senior managing director of Apollo Global Management, …
Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United States and the Caribbean in August and September are expected to …
American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …
Global Bankers Insurance Group is the previously undisclosed buyer of assets from the Beechwood family of reinsurance and asset management companies, a person familiar with the matter told Reuters. The recent purchase by Global Bankers – a $3.5-billion, Durham, North …
The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager Platinum Partners, according to a person familiar with the …
