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Category: Banking


Study: mortgages limited by credit model

More than 72,000 people nationally would qualify for a mortgage if the Federal Housing Finance Agency adopted an updated credit scoring model, according to estimates by VantageScore Solutions, a

Report: DOJ mines metal manipulation

The Wall Street Journal is reporting that the Department of Justice is investigating Goldman Sachs, JPMorgan Chase, UBS and several other prominent banks on whether they rigged prices for gold,

WSJ: UBS under new tax probe

UBS reportedly is under renewed examination by the Department of Justice into whether wealthy clients used the bank to shield assets from U.S. taxes, and whether bank employees attempted to cover up

RBS to cut hundreds of jobs in U.S., according to reports

RBS will eliminate hundreds of jobs in its U.S. trading divisions as the company braces for regulatory changes that will result in more oversight from the Federal Reserve, according to separate

RBS slapped with $50M fine in Conn.

A federal judge in Connecticut this week sentenced the Royal Bank of Scotland with paying $50 million as part of a plea agreement following charges that its Japanese subsidiary manipulated interest
Edward Lampert is the founder of ESL investments, a hedge fund with offices on Greenwich Avenue, and chairman of Sears Holdings Corp. through his fund's controlling investment in the retail chain's parent company.
Photo: Contributed Photo, ST

Ex-Greenwich hedge funder suffers tough week

Updated to correct two typos noted by alert reader “William”: Last week wasn’t pretty for one billion-dollar name in Fairfield County hedge funding: Edward S. Lampert. The founder of ESL Investments

Shelton High grad turned Citigroup CEO garnering praise

He was brought in, in part, to get Citgroup out from under the regulators’ microscope. He was brought in, perhaps, to be a little boring. Today, former Shelton High football star Michael L. Corbat —

Attorney thinks SAC trader looking safe in trial

Today begins the latest step in the government’s probe of Stamford-based hedge fund SAC Capital Advisors — money manager Michael Steinberg goes on trial at Manhattan federal courthouse for insider

Stamford finance firm offers November profits to veterans fund

Mischler Financial Group — a California investment bank and institutional brokerage with a Stamford office — is pledging 10 percent of its November profits to Children of Fallen Patriots Foundation,

Reported: Mandel’s Lone Pine launching fund, merging others

  Kudos to Institutional Investor’s Alpha for keeping tabs on October changes out of Stephen Mandel’s Lone Pine Capital, one of Greenwich’s — ergo the world’s — largest and most successful