Tag Archives: financial-institutions


Obama Tackles Economy, Lending in Speech to Congress

February 25, 2009 : Permalink

New York (HedgeCo.Net) – Obama used his time in front of Congress last night to present a “blueprint for our future,” with a specialized focus on health care, education and energy.  But there was plenty of time for talk on […]

Curb on hedge funds likely as EU leaders back reforms

February 23, 2009 : Permalink

Independent – European leaders backed major reform of hedge funds yesterday as part of structural changes to help the world’s financial institutions emerge stronger from the global economic crisis. Short-selling by the secretive hedge fund industry — selling borrowed stock […]

$4bn Withdrawn from Nigeria Stock Market

February 13, 2009 : Permalink

Daily Guide – Foreign investors in the Nigerian capital market withdrew some $4 billion from the Nigeria Stock Exchange and precipitated its steep decline, the Exchange’s Director General, Professor Ndidi Okereke-Onyiuke has said. Appearing  before the joint Senate Committees on […]

China wants IMF to be tougher with rich states

February 9, 2009 : Permalink

Reuters – China, setting out its stall for the next global financial summit, wants the International Monetary Fund to get tougher with developed countries that let their economies run off the rails. In a position paper prepared for the April […]

Ex-Fed chief says reforms must include hedge funds

February 5, 2009 : Permalink

Indianapolis Star – Paul Volcker, an adviser to President Barack Obama, urged "fundamental changes and reform of the financial system" that will help the U.S. economy recover from its crisis and promote future growth. The former chairman of the Federal […]

SEC Commissioner Urges Greater Regulation of Hedge Funds

January 28, 2009 : Permalink

New York (HedgeCo.Net) – SEC Commissioner Luis Aguilar said his agency should be given the authority to regulate hedge funds after urging Congress “to close the glaring loopholes in securities regulation.” Aguilar, one of the agency’s five commissioners, is among […]

Senate Approves Schapiro as New Head of SEC

January 23, 2009 : Permalink

New York (HedgeCo.Net) – Mary Schapiro, who most recently was the CEO for the Financial Industry Regulatory Authority, is now the head of the Securities and Exchange Commission.  The Senate approved Schapiro yesterday, a month after being nominated President Barack […]

HK Fund to team up with Paulson Hedge Fund in Offshore Launch

January 16, 2009 : Permalink

West Palm Beach (HedgeCo.net) – One of Hong Kong’s largest independent financial institutions, Sun Hung Kai Financial, is teaming up with hedge fund Paulson & Co, launching a distressed asset investment fund, according to a Reuters report. John Paulson will […]

Obama’s Treasury to Restrict Dividends, Executive Pay

January 13, 2009 : Permalink

New York (HedgeCo.Net) – Financial institutions that have received generous assistance from Congress may be forced to restrict executive compensation and their dividends, if Barack Obama and his new Treasury have their way. “Those receiving exceptional assistance will be subject […]

Madoff Avoids Jail, Continues House Arrest

January 13, 2009 : Permalink

New York (HedgeCo.Net) – Bernard Madoff will continue his house arrest at his swanky Manhattan apartment, after a judge refused to send him to prison on Monday. Madoff’s lawyers have pointed out that he has cooperated fully with officials and […]

Madoff May Cost Insurers $1 Billion to Cover Funds

January 9, 2009 : Permalink

Bloomberg – Bernard Madoff’s alleged Ponzi scheme may cost insurers who cover financial institutions more than $1 billion as they pay legal costs for investment managers who gave client money to Madoff, an industry executive said. Insurers who sell such […]

Journal of a Plague Year: Faith in Markets Cracks Under Losses

December 31, 2008 : Permalink

Bloomberg – It has been a year of record misery: the largest bankruptcy, bank failure and Ponzi scheme in U.S. history; $720 billion in writedowns and losses by financial institutions; $30.1 trillion in market valuation wiped out. The biggest loss […]