Global bond underwriting activity declined by 29% in 2008 to $4.33 billion, the lowest level seen since 2000, according to data from Dealogic Holdings PLC of London.
The data reflect totals as of Dec. 9.
Following the major shifts in the financial services industry, only $1.85 billion of the year's deals were generated in the fourth quarter, which marked the slowest period since the fourth quarter of 2000.
Activity in
Global bond underwriting activity declined by 29% in 2008 to $4.33 billion, the lowest level seen since 2000, according to data from Dealogic Holdings PLC of London.
The data reflect totals as of Dec. 9.
Following the major shifts in the financial services industry, only $1.85 billion of the year's deals were generated in the fourth quarter, which marked the slowest period since the fourth quarter of 2000.
Activity in
Staff at the SEC’s Division of Enforcement has informed Reserve Management Co. Inc. that it intends to recommend that the Securities and Exchange Commission bring an enforcement action against the company for violating federal securities laws.
The staff also told the New York-based company, which serves as the investment adviser to the Reserve family of funds, that it intends to recommend enforcement actions against Bruce Bent, president of the management company and president and chairman of each Reserve fund and his sons; Bruce Bent II, senior vice president of the management company and co-CEO of each fund; and Arthur Bent III, chief operating officer and treasurer of RMCI and co-chief executive officer of each
