Former Jefferies & Co. Managing Director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.
A disruption of natural gas supplies to Europe by an escalation of Russia’s military action in Ukraine may boost LNG demand and prices in Asia and South America, according to Societe Generale SA and Morgan Stanley.
Timothy Massad, the Treasury Department official named to head the U.S. Commodity Futures Trading Commission, said he would work to approve speculation limits in oil, natural gas and other commodities that have been resisted by banks and parts of the energy industry.
Waha Capital PJSC, the investor that owns a stake in plane-leasing company Aercap Holdings NV, is seeking healthcare acquisitions in the United Arab Emirates after Dubai announced mandatory health insurance.
Former Federal Reserve Chairman Ben S. Bernanke said the central bank should have explained more effectively that bailouts during the financial crisis were aimed at helping people outside the finance industry.