A report by the Wall Street Journal recounts a curious case lodged by a former firm partner against a veteran private equity firm. The case of Geoffrey Arbuthnott versus executives of private equity firm Charterhouse Capital Partners offers an insight on how private equity firms regard its retiring, long-time partners, WSJ said.
A report on US business news magazine Fortune questions private equity's reasoning behind labeling the fees collected from the companies they acquired called "monitoring fees" and points one way on distinguishing whether a payment should be taxable or not.
Acclaimed journalist and economist Anatole Kaletsky explains in a report on Reuters why lying is an essential virtue in central bankers like US Federal Reserve Chairman Ben Bernanke.
New York State Supreme Court Justice Barbara Kapnick in Manhattan issued a judgement today approving an $8.5 billion settlement between Bank of America Corp with investors, and also said that some loan modification claims will continue, said Bloomberg.
