In the Margins
The “London Whale” trader has broken nearly four years of silence, sending a single-spaced, more than three-page letter to publications. In it, Bruno Iksil said he was made a scapegoat for trades that were “initiated, approved, mandated and monitored” by senior management at his then-employer JPMorgan. “For no good reason, I was singled out by the media,” he said. Read the original story from MarketWatch.
Most Read
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...