The family that controls Campbell Soup Co looks to be on a collision course this week with new hedge fund investors pushing for the company to sell itself, heralding a potential proxy fight industry analysts have labeled the "fight of the fall."
Advisory firm CamberView Partners agreed to sell itself to boutique investment bank PJT Partners Inc on Tuesday in a deal that comes as public companies seek help defending against activist investors demanding corporate changes.
GAM Holding will next month start liquidating funds whose trading it halted in July after suspending the investment director who ran them, the Swiss group said on Tuesday.
Four Transamerica entities will pay $97.6 million to settle U.S. Securities and Exchange Commission charges that they sold investments that were supposedly based on quantitative models but which did not work as intended, the regulator said on Monday.
The U.S. Securities and Exchange Commission said on Monday that Legg Mason will pay more than $34 million to resolve a charge it violated the Foreign Corrupt Practices Act in bribing Libyan officials to secure investments.
Initial findings from a powerful inquiry into Australia's financial sector strongly criticized pension funds run by National Australia Bank and Commonwealth Bank for regulatory breaches including overcharging customers and failing to act in their best interest.
