A SUDDEN drop in house prices and slump in consumer spending poses the greatest threat to the UK economy and stability of its banking system, the Bank of England warned yesterday. In its twice-yearly review of the risk to financial […]

TORONTO (CP) – Air Canada will ask a court next week to allow the struggling airline to make $120 million in contributions to its underfunded pension plans. The defined benefit plans cover all of Air Canada’s unionized and non-unionized employees […]

BOSTON (AP) – Massachusetts’ top financial regulator is accusing Prudential Securities Inc. of late trading for lucrative hedge fund customers, calling the charges part of a pattern in which smallerinvestors were placed at a disadvantage. Secretary of State William F. […]

STOCKHOLM, Sweden, Dec. 12, 2003 (PRIMEZONE) — Invik & Co. AB today announced the appointment of Per Molin as Managing Director of its MPK asset management business. Per Molin is currentlyHead of Nordea’s Discretionary Asset Management operations in Luxembourg and […]

Massachusetts Secretary of State William Galvin accused Prudential Securities Thursday of widespread late trading of mutual funds on behalf of its hedge fund customers. Galvin said that over the past 2 1/2 years, Prudential brokers in Boston allowed more than […]

Fresh evidence of an upturn in the manufacturing sector emerged yesterday, after a survey found export order books at their fullest for almost three years. Output is also expected to grow for the first time in a year, the CBI […]

THE financial systems of the world in general, and Britain in particular, have become more stable over the past six months as the world economy has improved, the Bank of England said yesterday. However, the bank cautioned in its twice-yearly […]

BOSTON (AP) – Massachusetts’ top financial regulator is targeting Prudential Securities Inc. with charges of late trading for lucrative hedge fund customers, calling the charges part of a pattern inwhich smaller investors were placed at a disadvantage. Secretary of State […]

Dec. 12–Massachusetts regulators charged yesterday that Prudential Securities allegedly turned a blind eye as brokers in its Boston office executed illegal trades valued in the millions of dollars,concealing their abuses with bogus order numbers, false names, and crudely altered faxes. […]

Dec. 12–On most days, hedge fund managers, Wall Street lawyers, builders and cable industry execs wouldn’t want to be caught in the same room with New York’s hard-driving Attorney General EliotSpitzer. That wasn’t the case yesterday when a slew of […]

Tucker, Peter Viles, Casey Wian, Jamie McIntyre, John King xfdce CNNfn-LOU-DOBBS-TONIGHT-01 Show: LOU DOBBS TONIGHT> Date: December 11, 2003> Time: 18:00:00> Tran: 121101cb.l10> Type: SHOW> Head: LOU DOBBS TONIGHT; CNNfn – Part 2> Sect: Business> Byline: Lou Dobbs, Peter Viles, […]

NEW YORK–(BUSINESS WIRE)–Dec. 11, 2003–Cadwalader, Wickersham & Taft LLP, one of the world’s leading international law firms, has elected Michele Cohen, Anthony Davis, Gregg S. Jubin, DouglasI. Koff, Brian J. O’Sullivan, Frank Polverino, Jeffrey Y. Rotblat, Martin L. Seidel and […]