Daily Libor: Royal Bank of Scotland chief executive officer Stephen Hester told The Guardian that ”RBS is one of the banks tied up in Libor. We’ll have our day in that particular spotlight as well.” At least two banks have joined Deutsche Bank in cooperating with European investigations into the rigging of Read More
From the Los Angeles Times (h/t The Reformed Broker): Read More
CNBC has flushed out its story on the losses it says UBS suffered when Nasdaq systems froze up on the day that Facebook started trading, and it will likely sound familiar to anyone who’s every used a credit card to buy something online. UBS wanted to buy 1 million shares in Facebook, according Read More
So remember
The lawsuit, we suppose is not so surprising, but the $350 million number is new. Knight Capital has said it lost $35 million to the delays in trading on Facebook’s IPO day, and we’ve been reading that the stock’s four biggest market makers—Knight, Citadel, Citigroup and UBS—suffered losses in the neighborhood Read More
This should be fun, at least for those of us without any skin in the game: Nasdaq will disclose plans to compensate investors who suffered losses when technical glitches delayed the trading of Facebook shares on May 18 in an SEC filing tomorrow, the Wall Street Journal is reporting.
The catch is that regulations govern Read More
Muted response: As the clock ticked past Facebook’s scheduled open, Nasdaq stayed mum on the technical glitches that delayed trading in the social media company’s stock by 28 minutes. The resulting chaos lasted hours, causing confusion over who had bought and sold how many shares at what prices—and leading to about $115 million in losses Read More
Is he the most prolific attorney in the city you’ve never heard about?
Probably not.
Still, it’s possible to lose track of just how many deals Fried Frank partner Meyer Last inked in 2011. Call it the Jon Mechanic effect. Read More
Construction at 3 World Trade Center could be capped at seven floors if developer Larry Silverstein can’t find enough tenants to pre-lease the tower’s first ten floors, Crain’s New York reported. Read More
Credit Agricole has renewed approximately 350,000 square feet at 1301 Avenue of the Americas in one of the largest leases to get done in the second half of 2011. Read More
Connecticut Governor Dannel Malloy wasted little time in locking in four of the five companies he promised would bring the state more jobs under his so-called “First Five” plan, an initiative launched this year with the intention of luring new companies to the Constitution State with incentives. Read More
