Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
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Showing posts with label Journalists Sorkin Andrew Ross. Show all posts
Showing posts with label Journalists Sorkin Andrew Ross. Show all posts

Friday, December 09, 2011

DealBook: Edited by Andrew Ross Sorkin The New York Times: White Collar Watch: Corzine's Testimony Came With Plenty of Caveats

DealBook: Edited by Andrew Ross Sorkin The New York Times
Friday, December 9, 2011
-----
To view this email with images, go to:
http://www.nytimes.com//indexes/2011/12/09/dealbook/afternoonemail/index.html
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For the latest updates, go to:
http://www.nytimes.com/dealbook
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TOP STORY
--------------------------------------
White Collar Watch: Corzine's Testimony Came With
Plenty of Caveats
Peter J. Henning says that MF Global's former chief
executive, Jon S. Corzine, was gingerly questioned by the
House Agriculture Committee for almost three hours on
Thursday, in the end saying little enlightening about the
firm's collapse or the customer money have gone missing.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/corzines-testimony-came-with-plenty-of-caveats/?nl=business&emc=dlbkpma2

--------------------------------------
Live Blog: MF Global Bankruptcy Hearing
MF Global is in bankruptcy court again on Friday, one day
after the failed brokerage's chief executive, Jon S.
Corzine, testified before a congressional panel about the
girm's demise.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/live-blog-mf-global-bankruptcy-hearing/?nl=business&emc=dlbkpma3

--------------------------------------
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http://www.nytimes.com/dealbook
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--------------------------------------

1. DEALBOOK HIGHLIGHTS
--------------------------------------
An Orange and Black Eye for 2 Banks
University recruiting sessions by JPMorgan Chase and Goldman
Sachs were disrupted this week by stealth protesters from
the Occupy Princeton movement.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/an-orange-and-black-eye-for-2-banks/?nl=business&emc=dlbkpma22

Falcone Receives Wells Notice From S.E.C.
Philip Falcone, who runs the hedge fund Harbinger Capital
Partners, received a Wells Notice on Thursday, an indication
that the regulatory agency is considering enforcement
action.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/falcone-receives-wells-notice-from-s-e-c/?nl=business&emc=dlbkpma22

Former Chairman of Anglo Irish Bank
Arrested
The former chairman and chief executive of the bankrupt
Anglo Irish bank was arrested Friday in connection with an
investigation into alleged fraud at the firm.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/former-chairman-of-anglo-irish-bank-arrested/?nl=business&emc=dlbkpma22

Yahoo's Alibaba Quandary
Yahoo's 43 percent stake in Alibaba, the Chinese Internet
giant, is worth billions of dollars. However, Alibaba's
shareholders have the option to repurchase that stake
through a right of first refusal.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/yahoos-alibaba-quandary/?nl=business&emc=dlbkpma22

Thoma Bravo Acquires Blue Coat Systems for $1.3
Billion
The acquisition of Blue Coat -- the third enterprise
software transaction in seven days -- is yet another sign
that deal-making in the sector is heating up.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/thoma-bravo-acquires-blue-coat-systems-for-1-3-billion/?nl=business&emc=dlbkpma22

Japan Calls for Action Against Citigroup and
UBS
Japanese financial regulators called on  Friday for
penalties against Citigroup and UBS, accusing them of trying
to manipulate interest rates at which they borrow from each
other.

DEALBOOK:
http://dealbook.nytimes.com/2011/12/09/japan-calls-for-action-on-citigroup-and-ubs/?nl=business&emc=dlbkpma22

--------------------------------------

2. BUZZ TRACKER
--------------------------------------
Marc Andreessen, Not Yahoo's Next Chief
Venture capitalist Marc Andreessen clarified on his blog on
Friday that neither he nor his partner Jeff Jordan will take
an operational role at Yahoo. However, the founder of
venture firm Andreessen Horowitz is considering a board
seat, according to people familiar with the matter, if an
investor group led by Silver Lake is successful in its bid
for a minority stake in the Internet portal.

blog.pmarca.com
http://blog.pmarca.com/2011/12/09/a-clarification-with-respect-to-yahoo/

Moody's Downgrades French Banks
Moody's Investors Service downgraded the three largest
banks in France on Friday and said there was a "very
high" probability that the French government would step in
to support them if conditions worsened. The ratings agency
cited the problems that each bank has had recently in
raising money on the open market.

The New York Times
http://www.nytimes.com/2011/12/10/business/global/moodys-downgrades-top-french-banks.html?nl=business&emc=dlbkpma23

--------------------------------------

3. LOOKING AHEAD
--------------------------------------
In the United States
On Monday, the Treasury releases the federal budget for
November.

--------------------------------------
For the latest updates, go to:
http://www.nytimes.com/dealbook
--------------------------------------

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Receive this daily email and breaking news updates: http://www.nytimes.com/dealbook-e-mail/

DealBook: Edited by Andrew Ross Sorkin The New York Times: White Collar Watch: Corzine's Testimony Came With Plenty of Caveats
*****

Wednesday, May 25, 2011

DealBook: Edited by Andrew Ross Sorkin The New York Times: Community Banks Lobby to Limit New Regulations

Community Banks Lobby to Limit New Regulations


Ads blanketing the Washington area right now have one clear
message: Lawmakers and regulators should tread lightly on
small banks.

The community banking industry has started a campaign aimed
at overturning certain aspects of Dodd-Frank, especially
consumer protection rules and limits on debit card fees,
DealBook reports. Their argument: Profits will fall, and
perhaps even a few institutions will fail.

But the regulation may not be as burdensome as the
advertising campaign - or the $1.2 million spent on
lobbying in the first quarter - implies. Community banks
and credit unions won exemptions from several of the law's
toughest provisions, and some of the rules put small banks
on more equal footing with big banks.

DEALBOOK:
http://dealbook.nytimes.com/2011/05/23/community-banks-lobby-to-limit-new-regulations/?nl=business&emc=dlbka9

DealBook: Edited by Andrew Ross Sorkin The New York Times: Community Banks Lobby to Limit New Regulations

*****

New York Times DealBook: Community Banks Push Back on New Rules; Forstmann's Sharpened Focus on Philanthropy

DealBook: Edited by Andrew Ross Sorkin The New York Times
Tuesday, May 24, 2011
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To view this email with images, go to:
http://www.nytimes.com//indexes/2011/05/24/dealbook/dealbookemail/index.html
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For the latest updates, go to:
http://www.nytimes.com/dealbook
--------------------------------------


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--------------------------------------
1. M & A: EBay's Plans for Its Skype Windfall
2. INVESTMENT BANKING: Goldman: Back in the (Former) U.S.S.R.
3. PRIVATE EQUITY: For Carlyle Investors, a Record Quarter
4. HEDGE FUNDS: Paulson Wants Rival Lehman Creditors to Disclose Holdings
5. OFFERINGS: Yandex Is Set for $1.3 Billion Stock Offering
6. VENTURE CAPITAL: Britain Plans 2012 Debut for Green Bank
7. LEGAL/REGULATORY: Schneiderman Extends Mortgage Investigation

TOP STORIES
--------------------------------------
Community Banks Lobby to Limit New
Regulations
Ads blanketing the Washington area right now have one clear
message: Lawmakers and regulators should tread lightly on
small banks.

The community banking industry has started a campaign aimed
at overturning certain aspects of Dodd-Frank, especially
consumer protection rules and limits on debit card fees,
DealBook reports. Their argument: Profits will fall, and
perhaps even a few institutions will fail.

But the regulation may not be as burdensome as the
advertising campaign - or the $1.2 million spent on
lobbying in the first quarter - implies. Community banks
and credit unions won exemptions from several of the law's
toughest provisions, and some of the rules put small banks
on more equal footing with big banks.

DEALBOOK:
http://dealbook.nytimes.com/2011/05/23/community-banks-lobby-to-limit-new-regulations/?nl=business&emc=dlbka9

Cancer Sharpens Forstmann's Philanthropy
Focus
Theodore J. Forstmann, one of the original private equity
moguls, who coined the term "barbarians at the gate," is
tired.

Drained from treatments for brain cancer, Mr. Forstmann is
still in the office because he believes he has work to
accomplish. It's continuing the turnaround of IMG, the
agency he bought in 2004. It's a task where much has been
accomplished, but whose deadline is near, Andrew Ross Sorkin
writes in his latest DealBook column.

His goal, he says, is to generate more profit for
philanthropy. More specifically, buying IMG was to "make a
bunch of money, get it out of this thing and spent it on the
kids in the world."

DEALBOOK
http://dealbook.nytimes.com/2011/05/23/philanthropy-is-given-focus-by-brain-cancer/?nl=business&emc=dlbka9

--------------------------------------
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http://www.nytimes.com/dealbook
--------------------------------------


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--------------------------------------

DEAL NOTES
--------------------------------------
SkyBridge Chief to Raise Money for Romney
Anthony Scaramucci, the hedge fund manager who famously told
Barack Obama that the president's attitude toward Wall
Street had left him feeling like a "pinyata," is holding
a fund-raiser for Mitt Romney, the former Massachusetts
governor and private equity executive hoping to lead the
Republican ticket, MarketWatch reports.

MARKETWATCH http://www.marketwatch.com/story/hedge-fund-investor-to-host-romney-fund-raiser-2011-05-23


DEALBOOK http://dealbook.nytimes.com/2010/10/04/still-stuck-in-denial-on-wall-st/?nl=business&emc=dlbka22

Billing Less by Paying Less
To keep a lid on costs, big law firms are restructuring
themselves, hiring lawyers for jobs that are in small towns,
off the partner-track, and that pay about half as much.
http://www.nytimes.com/2011/05/24/business/24lawyers.html?ref=business&nl=business&emc=dlbka22

New York Times http://www.nytimes.com/2011/05/24/business/24lawyers.html?ref=business&nl=business&emc=dlbka22

--------------------------------------

1. MERGERS & ACQUISITIONS --------------------------------------
EBay's Plans for Its Skype Windfall
John Donahoe, eBay's chief executive, told The Wall Street
Journal that the $2.4 billion his company is set to be paid
for selling Skype to Microsoft would possibly go to new
deals or share buybacks.

WALL STREET JOURNAL http://online.wsj.com/article/SB10001424052702304520804576341460685486584.html

Is Burkle Preparing to Fight Malone Over Barnes &
Noble?
Yucaipa, the investment firm controlled by Ronald Burkle,
disclosed that it bought a further 603,000 shares of the
bookseller for about $18.49 each, leading to speculation
that the investor may push for a higher price from John
Malone's Liberty Media, which last week unveiled a $17 a
share bid for the company.

DOW JONES http://online.wsj.com/article/BT-CO-20110523-713666.html


DEALBOOK http://dealbook.nytimes.com/2011/05/19/malones-liberty-media-bids-for-barnes-noble/?nl=business&emc=dlbka23

Hertz to Begin Exchange Offer for Dollar
Thrifty
Hertz's bid for Dollar Thrifty is set to advance this week
as the car rental company opens a direct exchange for shares
of its target in an offer Hertz insists is friendly.

REUTERS http://www.reuters.com/article/2011/05/23/us-dollarthrifty-hertz-idUSTRE74M3NK20110523

Nestle to Buy U.S. Healthcare Firm
Nestle has agreed to purchase Prometheus Laboratories, an
American firm specializing in gastrointestinal diagnostics,
as the Swiss food giant moves further into healthcare.

REUTERS http://www.reuters.com/article/2011/05/24/us-nestle-idUSTRE74N1QM20110524

Johnson & Johnson Strikes Russian Deal
In an emerging market gambit, the American company said it
would buy several consumer cough and cold medicines sold in
Russia for $260 million.

REUTERS http://www.reuters.com/article/2011/05/24/us-johnsonandjohnson-otc-idUSTRE74N09V20110524


PRESS RELEASE http://www.investor.jnj.com/releaseDetail.cfm?ReleaseID=580249&year=2011

Bitterness in Kraft and Cadbury's Merger
More than a year after Kraft's offer for Cadbury was
accepted, frictions between the American company and British
lawmakers continue, and the slow, painful work of
integration has led to a raft of departures among Cadbury
executives, The Financial Times writes.

FINANCIAL TIMES http://www.ft.com/intl/cms/s/0/03559624-8571-11e0-ae32-00144feabdc0.html

Going Organic
M.&A. is heating up in Europe's organic foods sector,
attracting the attention of investors like Carl C. Icahn.

NEW YORK TIMES http://www.nytimes.com/2011/05/24/business/global/24organic.html?nl=business&emc=dlbka23

Iceland Foods Founder Still Wants to Buy His Company
Back
Malcolm Walker told Reuters that he had no plans to sell his
minority stake in the frozen food retailer, which is being
auctioned by Landsbanki, the failed Icelandic bank.  Reports
surfaced this week that William Morrison of Britain may be
looking at Iceland Foods, while buyout shops are also
expected to get into the action.

REUTERS http://www.nytimes.com/reuters/2011/05/23/business/business-us-iceland-foods.html?nl=business&emc=dlbka23

The Winners With Jimmy Choo? Everybody
TowerBrook Capital has shown what private equity can do when
it wants to grow a business, and Labelux has acquired a
brand is poised to expand in China, for a decent multiple at
that.
http://www.nytimes.com/2011/05/24/business/24views.html?src=busln&nl=business&emc=dlbka23

REUTERS BREAKINGVIEWS http://www.nytimes.com/2011/05/24/business/24views.html?src=busln&nl=business&emc=dlbka23

--------------------------------------

2. INVESTMENT BANKING --------------------------------------
Goldman: Back in the (Former) U.S.S.R.
Goldman Sachs has attempted to infiltrate the Russian market
twice before in the last 17 years without much success. This
time, the lender is chasing after deals with a $1 billion
private equity bet, and negotiating with the Kremlin for
advisory roles. The campaign looks to be paying off.

BLOOMBERG http://www.businessweek.com/news/2011-05-23/goldman-finding-third-time-a-charm-as-blankfein-courts-kremlin.html

Barclays Capital Hires Former Fed Official
Brian F. Madigan, who played a leading role in the Fed's
emergency lending programs during the financial crisis, will
be a senior policy adviser at Barclays Capital.

DEALBOOK:
http://dealbook.nytimes.com/2011/05/23/barclays-capital-hires-former-fed-official/?nl=business&emc=dlbka24

BofA to Settle Overdraft Case
A deal brokered in a Miami court would see Bank of America
pay $410 million as a settlement in a class-action case over
charges linked to debit card overdrafts.
http://www.nytimes.com/2011/05/24/business/24bank.html?ref=business&nl=business&emc=dlbka24

New York Times http://www.nytimes.com/2011/05/24/business/24bank.html?ref=business&nl=business&emc=dlbka24

Face-Off Over Swaps
Royal Bank of Canada is in a tussle with a Pennsylvania
school district that the lender says owes it $10 million
tied to an interest-rate swap deal. While many cities and
local governments were lured into such swaps before the
financial crisis, this one has a twist: The school district
didn't actually borrow the money the swap was based on, or
build the school the nonexistent loan was slated for.

WALL STREET JOURNAL http://online.wsj.com/article/SB10001424052702303654804576341772921133838.html

--------------------------------------
For the latest updates, go to:
http://www.nytimes.com/dealbook
--------------------------------------


3. PRIVATE EQUITY --------------------------------------
For Carlyle Investors, a Record Quarter
The Carlyle Group, which invested $7 billion last year on
increased buyout activity, distributed a record $6.4 billion
to investors in the first quarter, the private equity said
in its annual report released Monday.

BLOOMBERG http://www.bloomberg.com/news/2011-05-23/carlyle-returns-record-6-4-billion-in-first-quarter-on-strong-dealmaking.html


PRESS RELEASE http://www.carlyle.com/Media%20Room/News%20Archive/2011/item11930.html

Blackstone to Sell Canadian Real Estate
Blackstone, the private equity firm and asset manager, has
hired CIBC World Markets to sell dozens of Canadian
properties for about $920 million, Bloomberg News reports.

BLOOMBERG http://noir.bloomberg.com/apps/news?pid=20601208&sid=auQ8W7sCxOxM

Guo Guangchang's Long Game
The Chinese billionaire has a role model, and it's Warren
Buffett. Mr. Guo is combining private equity and a
value-investing mentality in his search for deals, and
quotes from the Oracle of Omaha are never far from his lips,
The Financial Times reports.

FINANCIAL TIMES http://www.ft.com/intl/cms/s/0/64dcacd2-855a-11e0-ae32-00144feabdc0.html

A Home for Chinese 'Orphans'?
Chinese firms that have listed in America only to see their
share prices stagnate may find new hope in the private
equity industry, which has a number of deals in the pipeline
to delist firms whose prospects may be more promising than
the public market is ready to recognize.

REUTERS http://www.reuters.com/article/2011/05/24/us-privequity-orphans-idUSTRE74N0G620110524

BlackRock Adds Private Equity to Its
Line-Up
BlackRock has hired the three founders of Merrill Lynch's
private equity business to lead the build-out of its own
private equity platform, which the asset manager said it
expects to expand to include about 20 professionals within
the next year.

Pensions & Investments http://www.pionline.com/article/20110523/DAILYREG/110529984


PRESS RELEASE http://insurancenewsnet.com/article.aspx?id=262122&type=newswires

--------------------------------------

4. HEDGE FUNDS --------------------------------------
Paulson Wants Rival Lehman Creditors to Disclose
Holdings
The hedge fund run by John Paulson has asked a court to
force Goldman Sachs and others in a rival creditors group to
disclose details of their claims against Lehman Brothers, as
the two groups seek to peddle their respective liquidation
plans for the failed investment bank.

BLOOMBERG http://www.bloomberg.com/news/2011-05-23/paulson-calpers-want-goldman-group-to-disclose-lehman-holdings.html

Fund Seeders Seek Next Big Thing in Asia
Morgan Stanley said it is negotiating several deals on
behalf of investors looking to seed new Asian hedge funds,
as institutions and wealthy individuals compete to back the
industry's next winner.

BLOOMBERG http://www.bloomberg.com/news/2011-05-23/morgan-stanley-sees-more-seeding-acceleration-deals-for-asian-hedge-funds.html

Fund of Funds Firms to Merge
Saguenay Capital, based in New York, and London's
Strathmore Capital will combine to form a firm with $2
billion in assets under management, the latest deal in a
sector that's seeking scale after taking a beating in the
financial crisis.

PENSIONS & INVESTMENTS
http://www.pionline.com/article/20110523/DAILYREG/110529982

REUTERS http://www.nytimes.com/reuters/2011/05/23/business/business-us-saguenay-strathmore.html?nl=business&emc=dlbka32

--------------------------------------

5. I.P.O./OFFERINGS --------------------------------------
Yandex Is Set for $1.3 Billion Stock
Offering
Yandex, one of the largest Web companies in Russia, is
pricing its offering at $25 a share, well above
expectations, according to a person briefed on the matter.

DEALBOOK:
http://dealbook.nytimes.com/2011/05/23/yandex-set-for-1-3-billion-stock-offering/?nl=business&emc=dlbka33

Rattner: The Inflating Tech Bubble
In an Op-Ed for The Financial Times, Steven Rattner calls
the LinkedIn I.P.O. "the most tangible manifestation" of
a euphoria that exhibits all the symptoms of a tech bubble.
"With revenues of just $243 million in 2010 and 19 pages
of risk factors in its offering prospectus, it struck pay
dirt on Wall Street," Mr. Rattner writes.

FINANCIAL TIMES http://www.ft.com/intl/cms/s/0/e08aad06-856f-11e0-ae32-00144feabdc0.html

Glencore Shares Still Below I.P.O.
Tuesday was the first official day of trading for Glencore
shares on the London Stock Exchange, and while they rose
10.5 pence, or 2 percent, in late morning trading, their
price of 5.24 pounds a piece is still below what they sold
for in the initial public offering.

REUTERS http://www.reuters.com/article/2011/05/24/us-glencore-idUSTRE74H3YC20110524

BLOOMBERG http://noir.bloomberg.com/apps/quote?ticker=GLEN:LN

Spanish Lotto Eyes $10.6 Billion I.P.O.
The chief of the Spanish lottery, Loterias y Apuestas del
Estado, told The Wall Street Journal on Tuesday that Madrid
was getting nearer to choosing the financial advisers that
would help it take the company public, in an initial public
offering that could be worth as much as 7.5 billion euros,
or $10.6 billion.

WALL STREET JOURNAL http://online.wsj.com/article/SB10001424052702304520804576341223574804318.html

Chrysler to Pay Off Loans. Next Up: An
I.P.O.?
The automaker is set to announce the repayment of some $7.5
billion in government loans, a move that will allow Fiat to
raise its stake in Chrysler and may bring the company closer
to an initial public offering.

REUTERS http://www.nytimes.com/reuters/2011/05/23/business/business-us-chrysler.html?nl=business&emc=dlbka33

WALL STREET JOURNAL http://online.wsj.com/article/SB10001424052702304520804576341363763683294.html

--------------------------------------

6. VENTURE CAPITAL --------------------------------------
Britain Plans 2012 Debut for Green Bank
The state-backed green investment bank, the first of its
kind, will be seeded with 3 billion pounds ($4.8 billion)
from the British Treasury and aims "to bridge the gap
between venture capital and the green economy," Deputy
Prime Minister Nick Clegg said.

ASSOCIATED PRESS http://www.nytimes.com/aponline/2011/05/23/business/AP-EU-Britain-Green-Bank.html?nl=business&emc=dlbka34

BBC  http://www.bbc.co.uk/news/science-environment-13502121

Rent the Runway Sashays Away With $15
Million
Kleiner Perkins Caufield & Byers ponied up the entire $15
million round for the start-up, which lets women achieve
their luxury ambitions by renting designer dresses and
accessories by mail.

BITS http://bits.blogs.nytimes.com/2011/05/23/rent-the-runway-scores-15-million-from-kleiner-perkins/?nl=business&emc=dlbka34

With New App, Do@ Seeks to Tailor Mobile
Search
Do@, which is looking to take on Google in the mobile search
arena, has received $7 million in financing led by Draper
Fisher Jurvetson.

BITS http://bits.blogs.nytimes.com/2011/05/23/do-tries-to-speed-up-mobile-search/?ref=technology&nl=business&emc=dlbka34

--------------------------------------

7. LEGAL/REGULATORY --------------------------------------
Schneiderman Extends Mortgage Investigation
JPMorgan, Deutsche Bank and UBS are said to have each been
subpoenaed by New York Attorney General Eric Schneiderman as
he extends his investigation into mortgage securitization,
Bloomberg News reports. Four bond insurers are also being
investigated.

BLOOMBERG http://www.bloomberg.com/news/2011-05-23/jpmorgan-ubs-deutsche-bank-said-to-be-added-to-new-york-s-mortgage-probe.html

Madoff Trustee Disputes Mets Owners' Claims of
Cooperation
In their legal fight, the trustee for the victims of Bernard
L. Madoff's fraud and the owners of the Mets are at odds
over just how transparent the club's owners, Fred Wilpon
and Saul Katz, have been during the investigation of their
finances.

NEW YORK TIMES http://www.nytimes.com/2011/05/24/sports/baseball/madoff-trustee-and-mets-owners-differ-on-issue-of-cooperation.html?_r=1&ref=business&nl=business&emc=dlbka35

S.E.C. to Join Fray in Forex Inquiry?
The agency is scrutinizing foreign currency trades by Bank
of New York Mellon and State Street, which are accused by a
whistleblower group of misrepresenting the activity and
mispricing trades for their pension fund clients, according
to The Wall Street Journal.

WALL STREET JOURNAL http://online.wsj.com/article/SB10001424052702303654804576341782867546062.html

Moody's Puts 14 British Banks on List for
Review
Moody's is looking at downgrading the debt ratings of 14
British banks, including Lloyds and Royal Bank of Scotland,
concerned that when the British government cuts its support,
credit risks will rise.

BLOOMBERG http://www.bloomberg.com/news/2011-05-24/moody-s-might-cut-ratings-on-14-u-k-banks-including-lloyds-rbs-barclays.html

Chinese Company Under Baleful Eye of S.E.C.
The software maker Longtop, which provides applications to
financial services companies, has seen its chief financial
officer resign, its auditor Deloitte drop the account, and
now it is coming under regulatory scrutiny in the United
States, where it listed in 2007.
http://www.nytimes.com/2011/05/24/business/24longtop.html?_r=1&ref=business&nl=business&emc=dlbka35

REUTERS http://www.nytimes.com/2011/05/24/business/24longtop.html?_r=1&ref=business&nl=business&emc=dlbka35
New York Times DealBook: Community Banks Push Back on New Rules; Forstmann's Sharpened Focus on Philanthropy
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