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Thursday, March 26, 2015

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Leon G. Cooperman is the head of Omega Advisors.
Rick Wilking/Reuters

Leon G. Cooperman is the head of Omega Advisors.

The S.E.C. and the U.S. attorney’s office in New Jersey are seeking information on the hedge fund’s trading of specific securities, Leon Cooperman said.

Payday Loan Rules Proposed by Consumer Protection Agency

The rules proposed by the Consumer Financial Protection Bureau would require lenders to assess customers’ ability to repay short-term loans.

Citigroup Report Chides Law Firms for Silence on Hackings

The report said the reluctance of most law firms to publicly discuss breaches and the lack of reporting requirements made it impossible to determine if such attacks were increasing.

The Latest
Deal Professor

Reading the Fine Print in the Heinz-Kraft Deal

A look under the hood at everything from the makeup of the board of directors to the payment of a dividend, and not cash, to Kraft shareholders.

Breakingviews

Warren Buffett and 3G May Have One Barrier to Even Bigger Deals

Merging Kraft and Heinz will take up 3G’s attention for some time. But when 3G is again ready to make a deal, Warren Buffett will be, too.

Bank of England Warns of Risks From Greece and Market Liquidity

Still, the central bank said that credit growth in Britain remained moderate and that its banks were increasingly resilient.

Street Scene

High Risk but Little Reward for Whistle-Blowers

When Wall Street whistle-blowers come forward, they are too often left to twist in the wind before being fired, calling their action into question.

Bank of America Chief Executive Took 7% Pay Cut in 2014

Brian T. Moynihan, the bank’s chief executive, was paid $13 million, slightly less than the pay of the firm’s investment bank head, Thomas K. Montag.

South Korea Plans to Join Regional Development Bank Led by China

The United States has expressed misgivings about the proposed lender, Asian Infrastructure Investment Bank, which it sees as a threat to the World Bank.

Haversham Holdings to Buy BCA Marketplace for $1.8 Billion

The cash and stock transaction will take the form of a reverse merger, allowing BCA Marketplace to list its shares in London.

Borse Dubai Sells Its Stake in London Stock Exchange Group

The holding company for the Dubai Financial Market and Nasdaq Dubai was the largest shareholder in the London exchange. The sale is estimated at as much as $2.2 billion.

R.B.S. Sells $3.2 Billion in Stock of Citizens Financial Group

The larger than expected sale is part of the British bank’s plan to fully exit its ownership in Citizens, an American retail bank, by the end of 2016.

Kraft and Heinz to Merge in Deal Backed by Buffett and 3G Capital

The merger will create the fifth-largest food and beverage company globally, with Heinz controlling 51 percent and Kraft shareholders owning the rest.

Failed by Law and Courts, Troops Come Home to Repossessions

Deployed service members often cannot sue lenders for violating laws that protect them from repossessions and foreclosures because of legal language that forces them into arbitration.

Insight & Analysis
Deal Professor

The Thorny Task of Advocating Good Corporate Behavior

Calpers, the $300 billion pension fund, has embraced the corporate sustainability movement, but pushing for change can be complicated.

DealBook Column

As Oil Prices Fall, Airfares Still Stay High

Far from “hypercompetitive,” the airline industry nowadays is increasingly looking like an uncompetitive oligopoly.

Another View

Despite Regulatory Advances, Experts Say Risk Remains a Danger to Large Banks

The banking industry is supposed to be safer in the wake of the financial crisis, but speakers at a Federal Reserve conference said that is not the case.

White Collar Watch

S.E.C. Faces Tough Challenge to Enhanced Broker Rule

A proposal to hold stockbrokers to a higher standard when offering their clients investment advice faces staunch opposition.

In Debt

A British Proposal to Help Control Bankruptcy Costs

Bankruptcy specialists in Britain are going to have to start estimating their fees upfront, an approach that might work in Chapter 11 cases.

Special Section
The Deal Cycle

Who creates more value in the mergers and acquisitions cycle: buy, divide or conquer?

DealBook Conference
Opportunities for Tomorrow

Andrew Ross Sorkin interviews leaders in finance and government.

Markets »

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Columns

Another View

Opinion Contributors

Book Entry

Jonathan A. Knee

Breakingviews

Reuters Commentary

Deal Professor

Steven Davidoff Solomon

DealBook Column

Andrew Ross Sorkin

In Debt

Stephen J. Lubben

Life@Work

Tony Schwartz

Standard Deduction

Victor Fleischer

Street Scene

William D. Cohan

The Trade

Jesse Eisinger

White Collar Watch

Peter J. Henning