EU antitrust regulators opened on Friday an in-depth probe into Telefonica’s (TEF.MC) (O2Dn.DE) proposed 8.6 billion euro ($11.9 billion) takeover of KPN’s (KPN.AS) German unit, saying the deal may reduce competition in the German mobile market. Spanish telecoms provider Telefonica’s takeover of KPN’s E-Plus will put it on par with […]
Frauds & Scandals
SAC’s Steinberg found guilty of insider trading
Michael Steinberg, a top portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund, was found guilty on Wednesday on charges that he traded on insider information. A federal jury in Manhattan found Steinberg, 41, guilty on all five counts of conspiracy and securities fraud that he faced. Prosecutors […]
JPMorgan blocked probe in Madoff case: government official
A U.S. Treasury Department watchdog tried to examine whether JPMorgan Chase & Co (JPM.N) interfered with a regulatory probe into its relationship with convicted felon Bernard Madoff but the largest U.S. bank was able to nip the inquiry in the bud, a government official said on Monday. The U.S. Treasury […]
