In a second blow to confidence, falling equity prices have revealed a scandal in the split capital investment-trust industry.
In fact, this will be another blow for the whole financial services sector, following scandals over the selling not just of endowments, but also split capital investment trusts.
Some of the products peddled by fund managers, such as split-capital trusts, and now high-income bonds, which guaranteed income but not, alas, the return of the principal, have also been tainted by scandal.
But now that Chadha and his core team of three partners have split from Sequoia Capital India to focus on investing in public companies, the break-up spells a new era not only for the Goldman Sachs-trained investor but also for venture capital in the subcontinent market.
But the capital was split on the question of whether the event delivered value for money.
The Iraqi capital has split along sectarian lines, creating enclaves that for one sect or the other have become too dangerous to enter.
To explore Hvar's unsung highlights, take the car ferry from Split, Dalmatia's capital, to the ancient town of Stari Grad on Hvar's western coast.
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This is still a divided country and to some extent DC remains a divided capital, or at least a capital with a split identity.
The players don't see that a 50-50 split without laying out any capital is a great deal that will help ensure the future of their business.
With further disputes over bank capital laws also creating a significant split among EU states, the U.K. could well find itself prospering from the general economic malaise.
Crazy as it sounds, even though venture capitalists stand to benefit individually by reduced capital gains taxes--partners split 20% to 30% of a fund's profits--the reduced rates would also lower entry barriers for new competition in the form of angels and corporations.
Lighting Science and Giuliani Capital have also set up a joint venture to split whatever energy savings parking garages eke out on their utility bills from LEDs the company gives them gratis.
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Before the split some dealmakers drew up a proposal to take a cut of the profits on their deals (a "carried-interest split"), the sort of payoff now routine in venture capital.
Now sources say Eos is scrambling to line up a fourth round of financing, perhaps from one or more investors in Dubai. (Current backers include U.S. venture outfits Golden Gate Capital, Sutter Hill Venture and Maveron.) Lebron confirmed the ad-agency split but declined to discuss turnover or financing issues.
Marcelo Salomon, an economist with Barclays Capital in New York, said he expects the BCB to send a strong hawkish signal (possibly a split decision) on Wednesday, but will keep rates unchanged at 7.25%.
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