The Pier Shops at Caesars, the mall on Atlantic City’s boardwalk, failed to attract the minimum bid at an auction, potentially triggering the first-ever loss in a commercial-mortgage bond assigned top ratings during the market’s peak.
Royal Bank of Scotland Group Plc, one of the 18 primary dealers that serve as counterparties to the Federal Reserve in its open market operations, said co-head of U.S. dollar interest rates Rishi Shah has left the firm.
The U.S. Supreme Court, in a ruling that will mean new limits on class-action suits, ruled that Wal- Mart Stores Inc. can’t be sued for discrimination on behalf of potentially a million female workers.
Jefferies & Co., one of the 18 primary dealers that trade U.S. government debt with the Federal Reserve, hired former Royal Bank of Scotland Plc trader James Golden as head of its Treasury trading desk.
The U.S. Securities and Exchange Commission approved a rule barring financial advisers to state and local governments from engaging in deceptive practices, one of the first steps to regulate the business.
Royal Bank of Scotland Group Plc hired Robert Sinche as global head of foreign-exchange strategy, according to a person familiar with the agreement who isn’t authorized to speak publically on the matter.
Barclays Plc, Bank of America Corp.’s Merrill Lynch and Morgan Stanley can’t use New York law to block Theflyonthewall.com, an online financial news service, from issuing immediate reports about changes in their stock ratings, a federal appeals court ruled.