WASHINGTON/CHICAGO – A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in Massachusetts
Assets in money-market funds increased by $19.53 billion in the week ended Wednesday as investors added money across fund categories, led by gains in institutional government and non-government funds, according to the Investment Company Institute. Money-market funds are widely owned by retail investors, companies and others looking for a safe place to put their cash.
Switzerland, unlike many other European economies, has maintained a budget surplus and a credit rating of ‘AAA’.
Long-term mutual funds increased by $8.51 billion in the latest week as investors put money into most fund categories, the Investment Company Institute said. Investors have generally been returning to equity mutual funds since January, after avoiding them for several years after the 2008 financial crisis.
Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
Copyright Reuters 2013 Copyright Reuters 2013 BOSTON/NEW YORK – As federal prosecutors circle Steven A.
Akzo Nobel N.V. (AKZOY: OTCQX International Premier) | Dutch-based AkzoNobel management to be brought together in new AkzoNobel Center in 2015
May 21, 2013 OTC Disclosure & News Service Amsterdam, Netherlands – May 21, 2013 AkzoNobel intends to concentrate its Dutch-based management personnel in a new office building in the Zuidas business district of Amsterdam from the end of 2015. The move will bring the majority of corporate and business management and their supporting staff in the Netherlands together at a single location, promoting cross-company collaboration. Currently, head office and Dutch-based business unit management and their supporting staff are spread across four office locations.
Copyright Reuters 2013 NEW YORK – Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial. Defense lawyer Seth Waxman told the 2nd U.S
Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) on Tuesday unveiled its third major contract this year to sell jets to a U.S.-based aircraft operator, providing the world’s fourth-largest aircraft manufacturer with breathing room for the coming years. SkyWest Inc