Hedge-fund managers Joseph DiMenna and James Dinan helped raise $1.2 million for the School of American Ballet last night, with tables at the academy’s annual Winter Ball priced as high as $100,000, or $10,000 a seat.
Sales of corporate bonds in the U.S. fell 30 percent this week and relative yields narrowed as newly appointed Federal Reserve Chairman Janet Yellen pledged to maintain her predecessor’s policies by scaling back the central bank’s unprecedented stimulus in “measured steps.”
John Thain, who sold Merrill Lynch & Co. for a premium at the height of the financial crisis, has transformed the once-bankrupt lender CIT Group Inc. into an enticing takeover target for some of the largest banks.
Merrill Lynch Pierce Fenner & Smith turns 100 today. At least, she would have been, if she was a standalone entity, and not a government rescued Too Big to Fail entity, forced into a shotgun wedding with Bank of America.