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.
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.
MF Global Holdings Ltd. took the cult of the Wall Street chief executive officer to a new level with a plan to sell bonds that pay a higher rate if Chairman and CEO Jon Corzine quits to accept a job from the U.S. president.
Jefferies Group Inc. has been trying to spread the risk of a $190 million loan to Phil Falcone’s Harbinger Capital Partners LLC by offering a syndication deal with an unusual caveat: it defaults if Falcone is indicted.