Insight: As banks deepen commodity deals, Volcker test likely

In joining private equity firm Carlyle Group to help rescue Sunoco Inc's Philadelphia plant from likely closure, the Wall Street titan cast its multibillion-dollar physical commodity business as an essential client service, financing inventory and tr


AMG completes investment in Yacktman

As part of the transaction, all of Yacktman’s senior professionals have agreed to long-term commitments with the firm. In addition, Yacktman’s two mutual funds have become part of the Managers family of funds. The terms of the transaction were


Lehman Brothers offloads subsidiary

Shortly after Lehman filed for bankruptcy in 2008, Aurora and Lehman's other multi-billion dollar subsidiary bank, Woodlands Commercial Bank ("Woodlands"), were at risk of being seized and placed into receivership by the FDIC.


Hedge Fund Jobs Act May Be Postponed

Comments submitted to the SEC have suggested that new rules should raise the threshold for accredited investor qualifications, require copies of advertising to be filed with the SEC, or prohibit performance claims in advertising materials


Charles Stanley announces exclusive partnership

The integration will offer an engaging and valued web experience allowing Charles Stanley Direct clients to view their wider financial affairs in one place: putting the client in control and allowing them access to further products and services from Charl


KeyBank on track to acquire HSBC Branches

This transaction strengthens Key's ability to grow its presence, acquire customers and provide exceptional service to consumer, business banking and wealth management clients in these markets.


Hedge Funds Hurt in May Commodity Rout

Galena Asset Management Ltd.’s metals fund dropped 2.6 percent in May, according to the company, and Brevan Howard Commodities Strategies Master Fund Ltd. fell 2 percent, according to a monthly report to investors obtained by Bloomberg.


State Street Introduces 2 New Bond ETFs

The SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF seeks to track the performance of the BofA Merrill Lynch Emerging Markets Large Cap Senior Corporate Index