Aug 10 2010 | 1:14pm ET
Goldman Sachs and Morgan Stanley have almost $20 billion combined invested in private equity, hedge funds, private debt and real-estate, they said in regulatory filings yesterday. They’ll have to cut those exposures by more than 60% over the next decade to come into compliance with the recently-passed Volcker rule, which bar bank holding companies from investing more than 3% of their Tier 1 capital in such funds.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…