Richard Smith News
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Royal Bank of Scotland Group Plc has hired Stephen Chronert, the former head of high-yield bond and leveraged loan sales in the U.S. at UBS AG, for a similar role at Britain’s biggest government-owned lender.
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Pfizer Inc. agreed to settle a wrongful-death lawsuit alleging its Neurontin epilepsy medicine caused a retired minister to commit suicide two months after he started taking the drug.
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The National Transportation Safety Board began an investigation of the rush-hour commuter ferry crash near Manhattan’s financial district that sent passengers flying and injured dozens.
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A commuter ferry carrying passengers to New York City from New Jersey crashed into a pier near the financial district during rush hour, sending bodies flying and injuring dozens, including two critically, police said.
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Deutsche Bank AG analyst Richard Smith was named the best head of a European equity research department covering the biggest stocks in a poll by Sammons Associates, a London-based recruitment firm.
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Former McKinsey & Co. director Anil Kumar has agreed to pay almost $2.8 million to settle civil allegations of insider trading brought by the U.S. Securities and Exchange Commission.
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Cravath Swaine & Moore LLP announced year-end bonuses for associates, ranging from $10,000 for the newest associates to $60,000 for the most senior, according to a memo the firm gave its lawyers that was obtained by Bloomberg News.
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Realogy Holdings Corp., the real estate brokerage company controlled by Apollo Global Management LLC, rose 27 percent in its first day of trading as investors bet on a housing recovery.
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Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.
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The U.S. Supreme Court struck down much of Arizona’s first-of-its-kind crackdown on illegal immigrants, ruling that states must defer to the federal government on immigration policy, an election-year victory for President Barack Obama.
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