Solus Alternative Asset Management LP raised $1.1 billion for two funds that invest in bankruptcy claims and are overseen by a team including Scott Martin and C.J. Lanktree, former co-heads of distressed products at Deutsche Bank AG.
In the five years that John Silvetz made about $700 million for Deutsche Bank AG by trading corporate bonds and credit derivatives, the share of his annual bonus paid in cash dropped to 20 percent from almost 70 percent.
The University of Louisville defeated the University of Notre Dame 83-77 in overtime to gain a spot against the University of Connecticut in the final of the Big East men’s college basketball tournament.
Antoine Cornut, Deutsche Bank AG’s head of flow-credit trading in the Americas and Europe, has left the bank for a hedge fund as regulations designed to curb risk- taking transform the corporate-bond market.