Merkel Urges Regulation as Greece Takes Plea to U.S. (Bloomberg)
Merkel, speaking to reporters in Luxembourg today before Greek Prime Minister George Papandreou meets President Barack Obama in Washington, said the European Union must take the lead in curbing the “very speculative elements” of derivatives trading, going beyond previous Group of 20 nations agreements. The U.S. must also be on board, she said.
Carlyle Said to Hire Ex-Morgan Stanley Trading Chief Petrick (BW)
Mitch Petrick will head the company’s distressed debt and leveraged finance business.
Colony Capital To Take Over Leibovitz's Loans (FT)
Under terms of their arrangement, Colony will become Ms Leibovitz’s sole creditor and help her market a library of photographs that includes such images as her Vanity Fair magazine cover of a naked, pregnant Demi Moore and her Rolling Stone photo of a nude John Lennon embracing Yoko Ono.
AIG's Greenberg to Testify Wednesday on Gen Re (Reuters)
He didn't want to, but he's found the time to fit it in while pack for a vacay to China.
Former Deutsche Bank Saba Asia Head Said to Plan New Hedge Fund (Bloomberg)
Wang Bing's firm, Nine Masts Capital, "is planning a hedge fund seeking to profit from mispricing of securities in Asia’s equity and credit markets"
Gunman, 2 others wounded in Dallas shootout (AP)
A gunman "apparently angry over business dealings wounded a father and son at their financial services company inside an office building Monday, then shot himself as police closed in, authorities said."