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Putin Foe Bill Browder Alleges Nordea Handled Money Tied To Russian Theft - Financial News
The Nordic nations’ largest financial firm, Nordea Bank , is alleged to have handled $175m in suspicious transactions, according to a submission to Swedish and Norwegian authorities filed this week by the hedge-fund manager and human rights activist Bill Browder. The news broke after the Stockholm-listed shares had ended their trading day at 89.3 Swedish kroner (US$10), so investors will have to wait to see any effects on the $40bn stock market valuation of Nordea. In July, Browder’s Hermitage Capital ... Full investment news article
Hedge Funds, Equity Firms, And The End Of Retail
This week Sears announced that they will file for bankruptcy and close stores, continuing the trend of brick and mortar retailers falling victim to Amazon and Walmart. Another thing these retailers have in common is that are owned by huge private equity firms and hedge funds that have badly mismanaged them. Most of these companies surrendered to bankruptcy after being overloaded with debt, and it seems that even the smartest minds on Wall Street were unable to save them. The ... Full investment news article
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