Is the PE industry any more ethical than the universal banks?
Ever since Mitt Romney failed to make the economic case for private equity during the last presidential campaign, PE’s public image has been battered even further.
Publicly-beneficial financings with predictable revenues and profit potential
Are 2 & 20 just not enough?
Are private equity types any different from hedge funders?
The SEC apparently doesn’t think so and, after excoriating the latter for flagrant securities law violations, the regulators are now training their sights on the former.
Not just “can we do this”, but “should we?”
Sir Hector Sants’ sudden leave of absence from Barclays Bank last month epitomizes the intense ethical struggle now engulfing the financial industry.
Sants, 57, was brought in earlier this year by CEO Antony Jenkins to help reform a bank that has featured in virtually every financial scandal of the past several years.
SEC trying to turn financial crisis poster boy into sacrificial lamb
Next week, Fabrice Tourre goes on trial for securities fraud.
Tourre, now 34, is the former Goldman Sachs investment banker who, in 2007, packaged and peddled a synthetic portfolio of sub-prime residential mortgage-backed securities (RMBS) that collapsed within nine months of its issuance.
JPMorgan re-ignites the corporate governance controversy
Should Jamie Dimon give up his Chairmanship of JPMorgan? For concededly good reasons, America’s best-known banker lost some of his luster this past year on both Wall Street and Capitol Hill thanks to the “London Whale” and a succession of other management missteps on his watch.
If he prevails, Rajat Gupta could become Wall Street’s ‘O.J. Simpson’
Of all the Wall Street players U.S. attorney Preet Bahara has nabbed for insider trading in the last four years, Rajat Gupta has got to be the most improbable.