WASHINGTON A federal judge in New York Monday said he will not decide until Feb. 19 whether to accept the Securities and Exchange Commission settlement with Bank of America over allegations it misled shareholders and the federal government about its merger with Merrill Lynch.
CIT Group, which emerged from bankruptcy in December, has selected former Merrill Lynch and NYSE chief John Thain as its chairman and CEO, effective immediately.
Senate Banking Committee Chairman Chris Dodd on Friday said he would introduce a revised regulatory reform bill this month after negotiations with the panel's senior Republican broke down.
New initiatives from the Obama administration, including plans to tax large institutions and ban them from proprietary trading, and to offer community banks incentives to increase small-business lending, have run into a wall on Capitol Hill.
New York Attorney General Andrew Cuomo, joined by Neil Barofsky, the special inspector general of the Troubled Asset Relief Program, has filed civil charges against Bank of America, its former CEO Kenneth Lewis and its former CFO Joseph Price for allegedly duping shareholders and the federal government to facilitate the merger with Merrill Lynch.
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Though the financial markets may be gaining some traction, San Francisco-based Eaglepoint Advisors expects to keep working on corporate restructurings, so the new firm hired former Polaroid CEO Gary DiCamillo to run its new Boston office.
Morgan Stanley, Citi Private Equity, JPMorgan Chase among those anticipating policy changes, whether the proposal passes or not.
PE firms are shopping for bite-sized acquisitions in the new post-LBO world, but will today's roll-up pan out?
Middle-market boutique switches to three-letter moniker. Will it help bring in new deal assignments?
Morrison & Foerster professionals say it may be time to reconsider the need for regulations related to certain private placements.