Former Goldman Sachs Group Vice President Fabrice Tourre asked US jury to restore his reputation after claiming he did a good job at Goldman Sachs.
Finance/Venture
Judge's rejection of Fiat's request to value shares paves way for trial; Fiat unfazed
The rejection of Fiat SpA's request to value 54,000 Chrysler shares by the Delaware Chancery Court allowed the United Auto Worker's retiree trust case to go to trial but Fiat remained unfazed.
NXT Capital finishes senior debt fund raising
NXT Capital raised US $783 million after it finished its senior debt fund raising. Chicago-based NXT Capital said it closed its US $783-million Senior Loan Fund II, L.
Isis to launch mobile payment service
Isis announced its plan to launch its mobile payment service this year. Isis announced its plan to expand its mobile payment service. The service, which has long been delayed, will be launched within the year and will cater to consumers nationwide.
Standard Bank in negotiations to sell London venture to ICBC
The South African lender is in negotiations to sell its London unit to Industrial and Commercial Bank of China, its biggest shareholder.
Latest News
Management consulting firm Accenture Plc announced that they are moving towards a possible acquisition of rival Booz & Company.
IHS GmbH confirmed that Battery Ventures had acquired the group's shares in Kings Park Capital.
Sources said that Janalakshmi Financial Services is close to its equity fund raising target of INR300 crore.
Northland Wealth Management revealed the opening of their Calgary, Alberta satellite office. Northland Wealth Management announced that it had opened an satellite office in Calgary, Alberta.
Scotia Private Client Group stated that they have launched Scotia Long Short Equity Fund, a first alternative investment product solution.
Integrated Private Debt Corporation garners US$307 million for its fourth fund. Integrated Private Debt (IPD) Corp. , the private corporate debt unit of Integrated Asset Management Corp.
JPMorgan agreed to pay more than USD400 million settlement for allegations of power market manipulation.
SAC probe led the arrest of Sandeep Aggarwal yesterday, after having been charged to illegally provide tips to former hedge fund manager, Richard Lee.
Europe's largest bank is forced to cut costs after profits drop nearly 50%. Europe's Deutsche Bank AG announced its plans to cut assets by EUR 250 billion (US$332 billion) earlier today, following the dramatic decline in its profits.
