Updated throughout the day.

“The Securities and Exchange Commission is examining whether firms that collect fees for funneling investors into hedge funds are properly overseeing client money” (WSJ)

“In the Securities and Exchange Commission’s investigation into the fall of Lehman Brothers, an accounting maneuver is now being scrutinized that artificially lowered the bank’s debt levels” (WSJ)

“Deutsche Bank, the largest German lender, is set to announce a share issue of up to 9 billion euros as it prepares for more stringent banking regulations and seeks to acquire a larger stake in Postbank.” (NYTimes)

Douglas A. McIntyre