The business, now known as Synchrony Financial, priced its shares at $23 each, at the low end of its expected price range. That values the newly independent company at $19.1 billion.
Robert Rendine, who was the top spokesman for the parent of the New York Stock Exchange until late last year, will be joining Sard Verbinnen & Company as a managing director on Sept. 15.
In determining the penalty, Judge Rakoff calculated how much Fannie Mae and Freddie lost from the defective mortgages that were originated as part of a program that was nicknamed the “hustle.”
Reza Moghadam, formerly a director at the International Monetary Fund, is joining the Wall Street firm.
The new bonus rules will allow banks with headquarters or subsidiaries in England to claw back for up to seven years bonuses paid to bankers who engage in wrongdoing.
If a deal was reached, it would represent a big bet on the future of Snapchat. Alibaba, meanwhile, has stepped up its venture capital investments as it prepares for its I.P.O.
Valeant Pharmaceuticals’ lean business model risks harming its relationship with the Food and Drug Administration and hampering its competitiveness, Jesse Eisinger writes in The Trade.
Argentina has spent years battling a group of hedge funds that want full payment on bonds that defaulted in 2001. Some answers to questions about the dispute.