For a staggering $850m, Lansdowne Partners has sold its stake in Goldman Sachs. According to an article in City AM, this is apparently “amid fears that increased regulation in the US could stunt the investment bank’s proprietary trading arm.” The amount of shares Lansdowne sold in Goldman Sachs (nearly five million) accounts for close to…
Tag Archive: Lehman Brothers
As Banks Repay Bailout Money, U.S. Sees Profit
This article was originally posted in the New York Times on August 31st, 2009. Eric Dash Contributed. Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. The profits, collected…
United Kingdom Sees Major Hedge Fund Firm Increase
The third quarter of this year saw more hedge funds established in the UK than during any period since the collapse of Lehman Brothers Holdings in September 2008 and the concomitant fall in world credit markets. During the three months of the quarter, 28 new hedge funds registered with the UK’s Financial Services Authority. This…