Beginning of the end for old-style universal banks
According to the UK’s Parliamentary Commission on Banking Standards, it had “its finger in every scandalous pie.”
That would be Barclays Bank.
But now, the unpretentious, retail banking executive who replaced Bob Diamond as Barclays’ CEO last year – Antony Jenkins — is putting his own stamp on the bank and has promised to turn it into a model citizen.
Paul Singer resorts to privateering to collect on his hedge fund’s sovereign bonds
Often described as soft-spoken, mild-mannered and publicity-shy, Paul Singer, the plutocratic founder and head of $21 billion hedge fund Elliott Management, recently made quite a splash tracking down an historic Argentine sailing ship on a West African tour and convincing a Ghanian court to impound it.