
Finance
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Understanding Investment Banking | Mergers & Inquisitions
Just as its shares started selling to the public for the first time, BATS Global Markets, one of the nation’s newest and largest electronic exchanges, halted trading on its own stock after a series of technical errors in its system. In a memo prepared for a coming Congressional hearing, investigators described how Jon S. Corzine, the firm’s former chief executive, asked an executive in the firm’s Chicago office to transfer $200 million to replenish an overdrawn account at JPMorgan Chase in London. Greg Smith, the former Goldman Sachs executive who recently resigned in spectacular fashion, has met with publishers this week, including imprints at several prominent houses, Julie Bosman of The New York Times reports. According to several people who were present, Mr.

