West Palm Beach (HedgeCo.net) - Securities and Exchange Commission Chairman Christopher Cox announced a meeting of the International Organization of Securities Commissions (IOSCO) Technical Committee today, Monday, November 24 by teleconference to discuss urgent regulatory issues in the ongoing credit crisis.
"In addressing turbulent market conditions, it is essential not only that regulators act against securities […]

New York (HedgeCo.Net) - Citigroup Inc. has purchased Wachovia’s banking operations at a price tag of $2.16 billion, or roughly $1 a share, after losses stemming from bad mortgages rendered a resurfacing nearly impossible.  Citigroup will now have around 4,300 branches and offices and will surpass JPMorgan Chase as the largest U.S. bank by deposits. 
Treasury […]

New York (HedgeCo.Net) - Treasury Secretary Henry Paulson outlined a plan yesterday that may give some power to the U.S. government when hedge funds come to the end of the road.
Paulson said that in the event of trouble, he wanted “"additional powers to manage the resolution, or wind-down, of large non-depository financial institutions, such […]

DealBreaker.Com- If your memory stretches past last summer, you might recall that before the current debacle settled on Wall Street there was a lot of sound and fury raised about hedge funds. The rise of hedge funds was said to create systemic risk, where the collapse of one or more hedge funds would somehow topple […]