E-Trade Financial prices public stock offering at $1.10 a share
Submitted by Dominic Haber on Sat, 06/20/2009 - 04:29
As the besieged online brokerage and bank likely to raise capital to drag itself out from under mortgage-related loan losses, E-Trade Financial said 435 million of its shares were priced at $1.10 a share, out of which, Citadel Investment Group bought 90.9 million shares.
Citadel freezes redemptions in two hedge funds after 50% drop
Submitted by Harkamal Singh on Mon, 12/15/2008 - 21:23
According to a letter, signed by CEO Kenneth Griffin, to clients on Friday, Citadel Investment Group LLC - the Chicago-based hedge-fund firm - has frozen redemptions from two of its biggest funds after investors moved to withdraw $1.2 billion.
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