Galleon paid banks millions for information edge (Headlines)
The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, the FT reports.
TPG sells remaining stake in Debenhams (Headlines)
Private equity group TPG has sold its 9 per cent stake in Debenhams for £100m, making it the second of the department storeâ??s three former owners to exit the group.
Dublin to take on Irish bank bad debts (Headlines)
The Irish state will pay â?¬54bn to take over bank debt worth â?¬77bn to cleanse the sectorâ??s toxic assets and encourage renewed lending to businesses, according to Brian Lenihan, the finance minister.
US and UK plan to collect common data from hedge funds (Headlines)
Securities regulators from the United States and Britain plan to identify a common set of data to collect from hedge funds, the U.S. Securities and Exchange Commission said yesterday.