DEALBOOK HIGHLIGHTS
Barclays Chief Shifts His Tone on Banks' Blame for Crisis Robert E. Diamond Jr., the Barclays chief executive, is expected to say in a speech that banks should "accept responsibility for what has gone wrong," a shift from his criticism of "the blame game" earlier this year.
Raj Rajaratnam Assigned to Massachusetts Prison The convicted hedge fund titan and Bernard L. Madoff will not be prison mates after all.
Jefferies Shares Swing on Sovereign Debt Fears The volatility comes as Jefferies fights heightened fears about its exposure to European debt since the bankruptcy of MF Global.
BNP Paribas Writes Down Greek Debt as Earnings Slump BNP Paribas, the largest French bank, said it was writing off 60 percent of the value of its Greek debt holdings, a belated acknowledgement that the loans were largely unrecoverable.
Transatlantic Rejects Raised Validus Bid The reinsurance company Transatlantic Holdings rejected a $55.35 a share offer from Validus Holdings on Thursday, continuing a months-long takeover battle.
Fortress Profit Declines 45% The Fortress Investment Group reported that distributable earnings declined to $43 million in the third quarter, as chaotic market swings hurt its performance.
Market Volatility Weighs on Man Group Earnings The world's largest publicly traded hedge fund said pretax profit declined 14 percent, to $195 million, in the six months ended Sept. 30.
BUZZ TRACKER
 | Former F.D.I.C. Chief's Debut in Fortune Magazine Sheila C. Bair, former head of the Federal Deposit Insurance Corporation, writes that Europe's financial crisis is a result of the failure of European regulators to demand that banks maintain sufficient capital to absorb losses. |
LOOKING AHEAD
Economic Reports Data released on Friday will include unemployment for October.
Corporate Earnings Companies reporting results on Friday include KKR.
In the United States Shares of Groupon will begin trading on Nasdaq on Friday.
In Europe Group of 20 leaders will meet in Cannes, France on Friday.
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