Financial Firms Can't Ignore the Foreign Corrupt Practices Act
The order shows that once the hires were made, BNY Mellon kept the sovereign fund's business and won more. The FCPA has been around since 1977; historically, the SEC has used it to pursue individuals and corporations for run-of-the-mill bribery like ...
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Greater New York Watch
A state judge has dismissed a racial-discrimination lawsuit filed by hedge-fund manager Alphonse Fletcher Jr. against the Dakota co-op on Central Park West. Mr. Fletcher is the husband of Ellen Pao, who earlier this year lost a three-year sex ...
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On VW, Piech, China, glum markets and Yogi
The Volkswagen thing has rattled confidence in both equity and credit markets – I received a one-liner this morning from a credit hedge fund which very simply read: “Is VW going bust?” to which I equally simply replied: “Nope. 80bn net debt; 20bn can ...
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Euro bond investors' complacency around Brazil shaken
Hedge funds look for short opportunities. * Petrobras exposure in the spotlight. By Robert Smith. LONDON, Sept 17 (IFR) - Brazil's deteriorating economy is not an obvious threat to European corporate debt investors, but the crash in Abengoa's bonds has ...
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