Matthew Rutherford played a key role as the Treasury navigated the global financial crisis, the first downgrade of U.S. government securities and a record budget deficit. What lies ahead for him will be much subtler.
Valiena Allison got a call from her bank on a busy morning two years ago about a wire transfer from her company’s account. She told the managers she hadn’t approved the transfer. The problem was, her computer had.
MatlinPatterson Global Advisers LLC, the investment firm that specializes in taking control of companies by buying distressed debt, is seeking as much as $2 billion for its latest fund, 60 percent less than the predecessor, after suffering some high-profile missteps since the 2008 financial crisis.
If movies were rated like debt, “Supercapitalist” would be a junk bond. Cluttered with cliches, unmemorable performances and a clunky script, this film is no “Wall Street” or “Margin Call.” Hyped as a financial thriller, it’s unlikely to fare better than Facebook’s botched IPO.
John F. W. Rogers is known on Wall Street for four initials and an enviable fact of corporate geography. The F. and W. stand for Francis and William, though why Rogers uses them both is one of several mysteries he has either gone out of his way to cultivate or never seen fit to explain.
Senate Republican Leader Mitch McConnell’s vote yesterday to clear the way for Congress to lift the federal debt ceiling made the U.S. Chamber of Commerce’s task of helping him win re-election a lot harder.