The U.S. Securities and Exchange Commission sued Argyll Investments LLC and two of its executives over claims they defrauded officers and directors at public companies in an $8 million stock-lending scheme.
Markit Group Ltd. bought Data Explorers, which collects and sells information on securities lending, from private-equity firm Bowmark Capital LLP.
NYSE Euronext, the U.S. exchange company trying to combine with Deutsche Boerse AG, is closing its SecFinex Ltd. securities lending unit as markets falter and banks and companies seek to cut expenses.
Bank of New York Mellon Corp. filed a court petition seeking approval of an $8.5 billion settlement with Bank of America Corp. over residential mortgage- securitization trusts.
The U.K.’s Pensions Institute has urged asset managers to reveal the full cost of their services after finding that hidden fees account for as much as 85 percent of total transaction expenses.
Greece became the first developed nation to be cut to emerging-market status by MSCI Inc. after the local stock index plunged 83 percent since 2007.
The biggest Standard & Poor’s 500 Index rally in more than five decades is forcing stock market bears to abandon short sales , cutting them to the lowest level since 2007 last month.
Bearish bets against the Standard & Poor’s 500 Index rose to a nine-month high as short sellers increased speculation stocks may decline amid concerns over the strength of global economic growth.
Greece became the first developed nation to be downgraded to emerging-market status by index provider MSCI Inc. after the country’s stocks plunged 91 percent since 2007.