Initial public offerings (IPOs) performed poorly in 2012, as they slipped to the lowest level since the financial crisis of 2008, indicating concerns about another round of economic slowdown. Facebook Inc. topped the list of companies, whose IPOs performed really dismally, according to Bloomberg.
Continue reading
The former chief executive of the famous British bank HBOS Sir James Crosby had to admit that the fact of bank lending during the run-up to the world financial crisis was inept. The official of the Bank of England, Andy Haldane, warned Crosby about the possible results of this crisis, but Sir Crosby did not take this advice into account. The fact of bank`s near collapse clouded his reputation, and he has no doubts that his achievements would never again be seen in the same light. He also stated that he was upset to the bottom of his heart by events of 2008 after which Lloyds had to rescue HBOS and one of the major banks had to be bailed out with £20bn of cash taken from taxpayers.
Telefonica, the largest phone company in
Continue reading
On May 25, Reutar reported that the members of Securities and Exchange Commission (S.E.C) staff in their memo did not recommend fraud charges against Lehman Bothers executives. Eric T. Schneiderman, the New York attorney general, noted that the special group, created in January is investigating the details concerning this four-year deal.
Continue reading
