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Displaying 61 - 76 of 76 articles

Understanding the limits of financial regulation

The decision by the Coalition government in Canberra to push forward with plans to reform the regulatory regime around the provision of financial advice has received strong opposition from a number of…
Shark.

Who’s afraid of shareholder activism?

What is the proper response to poor returns and corporate management that’s not “fit for purpose” in a public company? There is a tendency in some quarters to react with shock and horror at the appearance…
As bankers for convicted fraudster Bernie Madoff, JP Morgan Chase has borne the cost of ignoring warnings. AAP

JP Morgan must bear the cost of its blind eye on Madoff

The shadow of convicted fraudster and stockbroker Bernie Madoff continues to hang over Wall Street. As part of a deferred prosecution agreement, investment bank JP Morgan Chase agreed on Tuesday to pay…
Westpac is the last of the Big Four Australian banks to announce an enviable full year result. AAP

Australian banks double-teamed by hedge funds and regulator

The last few weeks have been a bonanza for shareholders in Australia’s Big Four banks, amid record full year results and handsome increases in dividend payments. But lurking in background have been concerns…
A US inquiry is questioning Lynn Tilton and her firm Patriarch Partners over its relationship with an ex-Army official, Norbert E Vergez. Wikimedia Commons

Private equity’s very public connections

US reports have recently circulated of a government probe into the hiring of former Colonel Norbert Vergez by the private equity firm Patriarch Partners, headed by billionaire “turnaround queen” and would-be…
Former Goldman Sachs trader Fabrice Tourre is facing civil fraud charges arising from the global financial crisis. AAP

Calling bad bankers to account

The modern financial system continues to have its doubters among rank and file investors and savers. The painful memories of the volatility and dislocations caused by the global financial crisis are still…
The US corporate regulator wants to include admissions of guilt in settlements. Image sourced from www.shutterstock.com

US regulator moves to make guilty banks ‘fess up - but will it work?

There is still a great deal of anger, frustration and confusion among investors and savers as to why there has been so few high-profile prosecutions and convictions since the start of the global financial…
A $200 million donation by Blackstone founder Stephen Schwarzman, to fund an international scholarship program has drawn comparisons with the Rhodes Scholar program. Flickr\ World Economic Forum

Private equity titan eyes China for a rival to Rhodes Scholarship

American private equity titan Stephen Schwarzman clearly has at least one eye now clearly fixed on the history books. With great fanfare, Schwarzman announced this week he was creating a new scholarship…
Mitt Romney’s presidential campaign thrust private equity into the spotlight. AAP

Private equity, hedge funds, and the ‘pointy end’ of capitalism

It is increasingly difficult to find someone who is agnostic about private equity and hedge funds. Many in the financial industry champion these investment vehicles as a means to deliver absolute returns…
In the wake of the GFC and the Occupy protests, critics have not shied away from voicing their anger at Wall Street. Flickr\Matthew Knott

Making the case for Wall Street

The first thing that strikes you when you re-read the “Declaration” issued in autumn 2011 by the Occupy protesters assembled in Zuccotti Park in downtown Manhattan is how little of it actually relates…
Public distrust of business and finance has intensified in the wake of the global financial crisis. Flickr\World Can’t Wait

Private equity, hedge funds must be understood to be regulated effectively

In the aftermath of the global financial crisis, much ill-feeling remains towards Wall Street, the investment banks and those individuals who profit from short-term movements in the financial markets…

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