Tuesday, 23 September 2014
Last updated 7 hours ago
Jul 7 2009 | 2:18am ET
Hedge funds, and others, dabbling in market abuse in Britain could face a much bigger bill, if they get caught.
The British government plans will triple potential fines for market abuse, Chancellor of the Exchequer Alistair Darling said. Under the proposal, the Financial Services Authority and Bank of England could impose fines of as much as 20% of a firm’s revenue in a business area or 40% of an individual’s compensation, including bonuses. The minimum fine would be £100,000 (US$161,000).
The new fines will be unveiled this week by the British Treasury.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.