Citadel
July 25, 2011 - 7:34am | Investment industry | News
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TD Ameritrade Holding plans to discuss the possibility to purchase its rival online brokerage company E*Trade Financial Corp, according to the Wall Street Journal, who cited sources with the knowledge of the matter.
The Journal notes that the probable talks would not necessarily involve the offer from TD Ameritrade for E*Trade.
E*Trade Financial's largest shareholder, Citadel LLC, last week pressed the online brokerage to consider a sale of its business.
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2 points
February 25, 2011 - 6:50am | Investment industry | News
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Citadel is selling about 24 million shares in the US online brokerage company E*Trade Corp which sent E*Trade’s shares down 5.9%.
A Citadel investment Group affiliate launched an underwritten offering, set to close March 1, that would reduce the Chicago-based fund's stake to about 18 percent of E*Trade, from about 27 percent currently, according to a regulatory filing late on Wednesday.
Previously Citadel already reduced its 50% stake in E*Trade. Now the move sent shares of E*Trade Financial Corp (ETFC.O) down 98 cents to $15.67 -- its lowest level in a month. |
0 points
July 22, 2010 - 8:22am | News | Other themes
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It became known that David Cameron, the PM of the UK, who took office 10 weeks ago, has set up an appointment with the giants of the NY financial sector to discuss the situation and persuade them to continue investing in the UK economy. Among the representatives of the US financial sector are such persons as JP Morgan's Jamie Dimon, Goldman's Lloyd Blankfein, Citigroup's Vikram Pandit, Citadel's Kenneth Griffin, Morgan Stanley's James Gorman, BlackRock's Larry Fink and BNY Mellon's Bob Kelly.
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0 points
June 9, 2010 - 4:22am | Investment industry | News
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According to the reports from the Wall Street Journal three former executives at Chicago-based Citadel hedge fund are establishing their own computer-driven fund. The fund called Headlands Technologies, may include trading in stocks, options and futures markets, says the Journal.
The executives are Matthew Andresen, former co-head of a Citadel equity market-making group; Jason Lehman, head of the global options business; and Neil Fitzpatrick, responsible for operations at a Citadel equities and options trading unit, according to the Journal. |
0 points
October 8, 2009 - 2:52am | Investment industry | News
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As it became known, Citadel investment Group, run by Ken Griffin, has raised its main hedge funds, Kensington and Wellington, by 5% roughly leaving them up 56.5% in the first three quarters of 2009.
Citadel suspended redemptions from the Kensington and Wellington hedge funds late last year after they lost more than 50% when the financial crisis deepened.
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1 point
September 21, 2009 - 8:40am | News | Other themes
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CME Group and Citadel have abandoned plans to launch a credit default swaps (CDS) trading platform and will instead focus on offering clearing services for the $27 trillion market.
Last year the market operator and hedge fund outlined plans to launch a joint venture firm, called CMDX, offering trading and clearing for the CDS market. However, Wall Street firms failed to show any interest in changing the way they trade credit derivatives, prompting a restructuring of the venture.
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0 points
August 31, 2009 - 1:46pm | Investment industry | News
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A global financial institution Citadel investment Group, L.L.C. reported that its affiliate, Citadel Equity Fund, Ltd., has terminated the Rule 10b5-1 trading plan it entered into on August 11, 2009 in connection with its holdings of E*TRADE Financial Corporation common stock. No sale of E*TRADE common stock had been made under the Plan, which was to commence on August 31, 2009. |
0 points
August 26, 2009 - 10:42am | Investment industry | News
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After a hard 2008 year for the whole financial system and investment industry in particular hedge funds started hiring new personnel and they have quickly taken a number of the most talented managers. Last year hedge funds suffered high losses with 1,500 portfolios closed according to Hedge Fund Research, as performance slumped and clients pulled out cash. |
0 points
June 19, 2009 - 1:37pm | Investment industry | News
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On Friday, E-Trade Financial Corp. stocks dropped by 14% and touched a low of $1.17, bouncing back after the company priced a public offering of 435 million common stocks that dilutes current stockholders. The price represented a 23% discount to the stock's Thursday close at $1.43.
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0 points
June 10, 2009 - 10:51am | Investment industry | News
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According to a recent report E-Trade Financial Corp. is working with largest shareholder Citadel investment Group on ways to steady its financial position. As reported by the Wall Street Journal while there is no information about the terms of the deal negotiations between E-Trade and hedge-fund outfit Citadel have been going on for several weeks with prospects of increasing E-Trade's fortunes. |
0 points
January 16, 2009 - 5:00am | Law aspects | News
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On Thursday this week the Interactive Media Entertainment and Gaming Association (iMEGA) announced that it was contacted by the Third Circuit Court of Appeals on the occasion of its response brief that was filed by the association in November last year in a legal challenge to declare the Unlawful Internet Gambling Enforcement Act (UIGEA) unconstitutional. The court informed the iMEGA about is availability in April 2009.
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0 points
November 7, 2008 - 6:00am | News | Payment systems
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Citadel Commerce has signed a contract with Unibet, online gambling company, under which it will provide a full range of its payment services. Unibet will integrate Internet Banking of Citadel, which provides support for low cost Instant and Rapid online bank transfers in 38 countries worldwide. Unibet has now launched the new service initially for customers in Finland, reports TMCnet.
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0 points
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