President Barack Obama’s administration significantly overstated statistics from a year- long mortgage-fraud initiative, including total number of victims, their losses suffered and number of individuals criminally charged, according to an FBI memo.
BlackRock Inc., the world’s biggest investor, is asking Slovenia to provide details of a project to rescue banks as the government delayed pricing of its first long-term debt this year and Moody’s Investors Service lowered the country to junk.
Knight Capital Group Inc., awaiting acquisition proposals as early as this week, may command as much as $1.4 billion based on the value of its biggest businesses, according to Keefe Bruyette & Woods Inc.
Getco LLC, the closely held high- frequency trading company that negotiated a takeover of Knight Capital Group Inc. in December, said profit plunged last year as stock-market volume dropped and volatility evaporated.
The investors who bailed out Knight Capital Group Inc. by purchasing $400 million in convertible securities are gaining control of the biggest trading partner for individuals in the world’s largest stock market.