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Madoff trustee reaches $220m settlement with BLMIS investors

NEW YORK — (Mealey’s, Jan. 29) In a motion filed in a New York federal court on Wednesday and made available yesterday, the trustee in the Bernard L. Madoff Investment Securities LLC (BLMIS) liquidation moved for entry of an order approving a $220 million settlement with the family of a

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UBS appoints Shear, Hoornweg for securities roles

LONDON (Reuters) – Carsten Kengeter, co-chief executive of UBS Investment Bank, is stepping back from his additional role as joint head of fixed income, currencies and commodities (FICC), following two high profile appointments in the securities business. UBS appointed Neal Shear, 55, as head of global securities on Monday and …

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Riso replaces Kellman as Care CEO (AP)

AP – Care Investment Trust Inc., a real estate investment trust that invests in healthcare-related real estate and commercial mortgage debt, said Friday that Salvatore Riso Jr. had become chief executive officer. Continued here: Riso replaces Kellman as Care CEO (AP)

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Burkle buys Barneys New York debt: report (Reuters)

Reuters – Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York’s debt, the Wall Street Journal said, citing people familiar with the matter. More: Burkle buys Barneys New York debt: report (Reuters)

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Lazard may get more than one leader: report

(Reuters) – Investment bank Lazard’s board may pick more than one person to lead the company following the death of Chief Executive Bruce Wasserstein, the New York Post said. Read the original post: Lazard may get more than one leader: report

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Lazard may get more than one leader: report (Reuters)

Reuters – Investment bank Lazard’s board may pick more than one person to lead the company following the death of Chief Executive Bruce Wasserstein, the New York Post said. Read more here: Lazard may get more than one leader: report (Reuters)

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Lazard stock drops after Wasserstein’s death

PHILADELPHIA/NEW YORK (Reuters) – Shares of Lazard Ltd dropped as much as 5 percent on Thursday following the death of the investment bank’s chief executive, legendary Wall Street dealmaker Bruce Wasserstein. The rest is here: Lazard stock drops after Wasserstein’s death

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JPMorgan, others to pay $100M settlement

PHILADELPHIA – (AP) JPMorgan Chase & Co. and two other investment banks have agreed to pay $100 million to settle a lawsuit over their contribution to investor losses in the collapse of American Business Financial Services Inc., the bankruptcy trustee’s lawyer said Friday. The ba

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Lazard says CEO Wasserstein hospitalized

NEW YORK (Reuters) – Investment bank Lazard Ltd said on Sunday that Chairman and Chief Executive Bruce Wasserstein, a legendary dealmaker, had been hospitalized for an irregular heartbeat. Visit link: Lazard says CEO Wasserstein hospitalized

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Madoff’s Former Finance Chief Could Expose Co-Conspirators [Madoff With The Loot]

As convenient as it is to crucify Bernie Madoff and even his wife for the investment fraud that screwed billions out of investors, it’s foolish to believe he acted anywhere close to alone. Read the original post: Madoff’s Former Finance Chief Could Expose Co-Conspirators [Madoff With The Loot]

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