-
The yard sale continues at American International Group as the insurer announced it sold four-fifths of its consumer credit business to hedge fund Fortress Investment Group, bringing it that much closer to paying off Uncle Sam, though the deal offered little in terms of detail.
FORBES: Magazine Article
-
Patrik Safvenblad, an investment partner at London-based currency hedge fund Harmonic Capital, said a credit rating downgrade would be negative for sterling.
WSJ: Sterling Braces for a U.K. Credit Downgrade
-
In February, Morgan Stanley, an American investment bank, announced its merger with Dean Witter, Discover, a mutual-fund and credit-card group.
ECONOMIST: It��s got to fit somehow