A lawsuit filed by 30 North Carolina residents has accused New York-based brokerage and investment bank Oppenheimer & Co. and two of its Atlanta-based managers of hiding the truth about a massive Ponzi scheme being run by its employees.
Tag: investment bank
Mirae Asset Wins U.S. Lawsuit Against China’s Anbang on Scrapped $5.8 Billion Hotel Deal
South Korean investment bank Mirae Asset Daewoo Co Ltd and affiliates won a U.S. court case against Anbang Insurance Group, a court document showed, after Mirae scrapped a $5.8 billion deal after the start of the pandemic to buy 15 U.S. hotels from Anbang. The case in Delaware, where many companies are registered, could set… Continue reading Mirae Asset Wins U.S. Lawsuit Against China’s Anbang on Scrapped $5.8 Billion Hotel Deal
Morgan Stanley to Buy E-Trade for $13 Billion
Morgan Stanley is buying E*Trade Financial Corp., a $13 billion deal that will reshape the storied investment bank and firmly stake its future on managing money for regular people. The all-stock takeover, announced Thursday, will combine a Wall Street firm in the late innings of a decadelong turnaround with a discount broker built on the… Continue reading Morgan Stanley to Buy E-Trade for $13 Billion