Broker&#39;s Directors Used Partnerships for Private Profits
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Board members and senior executives of Marsh &amp; McLennan, the giant insurance broker that has been accused of cheating customers, put millions of dollars into a partnership that profited by
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This will be accomplished through a share buy-back plan in Australia, where 40% of the company&#39;s shares are held. because of the tax breaks they enjoy on such sales.
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The private-equity firm invests more than 10% of its assets in the latest quarter.
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Some of the insurance brokers and carriers under investigation in New York Attorney General Eliot L. Spitzer&#39;s probe of steering and bid-rigging are major players in the Washington area insurance market.
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The bond firm plans to tackle riskier investments.
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BOCA RATON Ã - A year ago, Securities and Exchange Commission Chairman William Donaldson promised brokerage executives that his agency would cut wrongdoers from the industry the way a surgeon cuts disease from a patient.
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Private equity firms have found a new business where they can place their multibillion-dollar bets: gambling.
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The real estate community is talking about how private firms are gobbling up publicly traded real estate investment trusts. The latest example is Blackstone Group's agreement last week to pay $36 billion for Chicago-based Equity Office Properties Trust, whose seven buildings in the District include...
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An eclectic portfolio leads to electric returns for star stock picker Saul Pannell.
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Some venture capitalists, who've seen improving conditions in recent years for taking companies public and cashing out investments, are worried the turbulence that has roiled financial markets this summer could spill over into their investment niche.
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The nation&#39;s largest pension fund disclosed for the first time yesterday how much it paid the venture capitalists, hedge fund managers and others who handle its riskiest specialized
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Lessons from the lords of leveraged buyouts.
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The senator said he was not aware that his broker had invested in companies backed by some of his top donors.
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The insurance brokerage firm is selling two underwriting units for $2.75 billion in separate cash deals to focus on more profitable lines of business.
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About a dozen brokerage firms are suspected of failing to secure the best available price for stocks they were trading for their customers.
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New rules aim to keep brokerages on the straight and narrow.
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GIANT insurance brokers are accused of taking kickbacks from insurance companies. Mutual fund managers allow preferred clients to trade after hours.