Search
 

Reserve Fund Faced ‘Perfect Storm’

In closing arguments, Bents lawyer compares 2008 crisis to Hurricane Sandy.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Reserve Primary Fund, the failed $62.5 billion money-market fund run by Bruce R. Bent and his son Bruce R. Bent II, was faced with an economic storm much like Hurricane Sandy, which swept through the northeastern U.S. last week, a lawyer for the two men told jurors in Manhattan.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Quantifying the Toll of Covid-19

John Lorié & Theo Smid |

The latest economic research from Atradius suggests global GDP may recover rapidly in 2021—but only if some key assumptions are met.

Covid-19 Impacts on Trade

Nathan Feather |

April activity on a supply chain finance platform indicates how the pandemic is affecting specific industries and regions.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.