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Category: Wall Street

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
Categories: Banking, RBS, Wall Street
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 —
Categories: Banking , Economy , General , Main Street , Regulatory

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
Categories: Banking, General, Wall Street

Banking giant to speak at Westport women’s lunch

Peyton Patterson, president and CEO of Bankwell Financial Group, will offer the keynote address at next Thursday’s second-annual Working Women’s Luncheon, put on by the Westport-Weston Chamber of

Attention world: Empire State Building getting new lighting

Yesterday, we here at Financial Mines gave the 4-week update on the Empire State Realty Trust stock — up about 9 percent, to $14.13 or so, since it began trading in early October. Today, we bring

Steve Cohen gets big backing on CNBC

With rumors swirling that SAC Capital’s Steve Cohen and the government could finalize a billion-dollar settlement to insider-trading allegations any day now, the embattled Greenwich hedge fund magnate

Harrisburg a cautionary tale for bond investors and mayors

The SEC slapped Harrisburg, PA, with a cease and desist order Monday, saying the city’s government for allegedly violating securities law. Regulators found that city officials failed to come clean