Hedge managers should pay more than double their current tax rate, said a former Treasury secretary.
Wachovia Securities has been added to a lawsuit challenging the legality of firms’ bank deposit sweep programs.
PowerShares will launch five new internationally focused ETFs on the American Stock Exchange tomorrow.
Seacliff Capital, a San Francisco hedge fund, has joined the ranks of those opposing Barclays’ bid for ABN AMRO, published reports said.
Hedge fund D.E. Shaw has formed a Bermuda-based holding company to acquire James River Group Inc. for $575 million.
Hong Kong is simplifying the licensing agreements for overseas hedge fund managers looking to set up shop in the territory.
Fidelity Investments has sold nearly all of its shares in Dow Jones & Co., the target of a $5 billion takeover bid by Rupert Murdoch’s News Corp.
James Livingston has been tapped as CEO of National Planning Holdings, replacing Shawn Dreffein.
Lehman Brothers Holdings today announced record profit levels during the second quarter.
The Hartford Financial Services Group Inc. has tapped Thomas M. Marra to take on the combined position of president and chief operating officer.
