Shadow Banking News
French Bank Comes Clean
BNP Paribas reportedly paying U.S. $9 Billion for illegal trades.
-
NY Jury Acquits Ex-Hedge Fund Founder's Brother
… rah-juh-RUHT'-nuhm). His brother, Raj Rajaratnam (rahj rah-juh-RUHT'-nuhm), is the founder of the Galleon Group of hedge funds . He's serving an 11-year sentence for making up to $75 million illegally. Two dozen other defendants have pleaded guilty …
-
Argentina Hits Debt Deadline, but Not yet Default
… 13 years. The U.S. Supreme Court has turned down Argentina's attempt to block a lower court ruling that it must pay hedge funds that own bonds left over from its $100 billion default in 2001. On Friday, a federal judge urged Argentina to continue …
-
Argentina's Debt Fight: What It Is, Why It Matters
… lower court ruling that it must pay off hedge funds that own bonds left over from the country's ..... Argentina to continue negotiating with the hedge funds . At the same time, the judge called ..... Q: What do they want? A: When the hedge funds bought the defaulted bonds, they joined …
-
NY Judge: Argentina Can Avoid Default With Talks
… defaulting on debt payments due Monday by negotiating with U.S. hedge funds that are owed $1.65 billion, a federal judge said Friday ..... majority of its bondholders without also paying the U.S. hedge funds that refused to participate in bond swaps in 2005 and 2010 …
-
Excerpt: 'Stress Test' by Timothy Geithner
… soared, prompting the rating agency Standard & Poor's to warn that hundreds of those bonds could be downgraded. And two big hedge funds financed by Bear Stearns-including one called, incredibly, the Enhanced Leverage Fund-c ollapsed after their subprime …
-
How the Clintons Are Tag-Teaming Their Way to 2016… debt." "Regulators neglected their oversight of the financial sector and allowed the evolution of an entire shadow banking system that operated without accountability. Government failed to invest adequately in infrastructure, education, basic …
-
Working Together to Improve 401(k) Plans… typically include putting too much of their money into money - market funds , which pay too little interest to grow enough assets for ..... holdings as they age. The problem with this is that, like the money - market funds now holding a lot of 401(k) money by investors’ choice …
-
Secrets of Selling Luxury Living… it's absolutely everybody from. Extraordinarily. High celebrities whether the Arnold Schwarzenegger or Krugman CEO big hedge funds big stock guys. Gurus and there industries and the business and I was thirteen some real environment. With his daughter …
-
Story Stock: Powerhouse QQQ Loses Over 3% in Two Days… year. Too many people it seems too many hedge funds were crowded into these names expecting ..... are that our own very heavily. By big hedge funds and some of the investments that a lot of hedge funds were not to be betting against such as …
-
Underground Vault Offers Bitcoin Protection With Armed Guards, Biometric Scanners… Based in Palo Alto, Calif., and incorporated in Hong Kong, the company says it has about 2,000 clients, including hedge funds and other financial institutions, the Wall Street Journal reports. Xapos makes money via an annual fee of 0.12 percent …
-
Mapping a Path Through the Financial Services Minefield… buy certain stocks that often subsequently tank, these gurus indirectly generate profits for professional investors. Some hedge funds make it a practice to short these stocks, essentially betting that they will go down in value. They often do — after an …
-
Is It Time to Get Back Into Bonds?… investments mighht help manage risk effectively. Their liquidity allows you to quickly move holdings to cash islands like money market funds if an economic storm threatens their value. Disclosure: As of this writing, I held positions in the SPDR Barclays Capital …
-
A Hot Year for Stocks, but Not for Hedge Funds
… behind those who have their money in humble low-fee index funds. For the past five years in a row the vast majority of hedge funds have failed to match the S&P. This year is no exception. "The Hennessee Hedge Fund Index has underperformed the S&P …
-
Twitter (TWTR) IPO Shares Hang Around Top Price of $46… Springsteen protest banner Baier TG and a research consulting firm that provides real time market research to broker dealers. son hedge funds Steve is soaring on its debut why. What I and I will tell yes it's soaring no one on Wall Street needs any coffee today …
-
Google Chairman Says NSA Spying Allegations 'Outrageous'… firm will plead guilty to insider trading charges and pay a $1.2 billion fine. SAC has been one of the most successful hedge funds with annual returns of over 20 percent for its investors. The deal is not expected to resolve the SEC's civil lawsuit against …
-
Kate Middleton Dazzles at Charity Gala
… Christening At this event, Kate, who wore her long hair down in loose curls, was the guest of honor at the 100 Women in Hedge Funds Gala to benefit Action on Addiction , an addiction charity of which Kate is a patron . The Life and Times of Kate Middleton …
-
How to Decide if Ultrashort-Term Bond Funds Are Right for You… ultrashort funds act as a substitute for money market funds , delivering relative safety and ..... choices from 'Breaking Bad' Even money market funds , thought to be nearly as safe as ..... 1-per-share price. That spurred a run on money market funds , which caused some of them to sell …
-
Head Start Gets $10M to Stay Open From Texas Billionaires… accused by Rolling Stone's Matt Taibbi and other pension groups of reducing pension benefits and investing assets in riskier hedge funds . The foundation's explanation of its principles of pension reform explains that pension plans "should adequately inform …
-
Top 5 Dangers That Remain After the Financial Collapse, Lessons Learned… financial stability. For example, without a required capital buffer by law, Coffee is concerned about a future run on money market funds . He blames lobbyists for influencing Congress, which oversees federal agencies. "The SEC won't dare move in that …
-
Millions More Back Office Jobs Head Overseas
… makes are hard to argue against. The big banks are bigger, despite outrage over the role they played in the crisis. Shadow banking is more active, not less. The rich are richer, and the system depends more than ever on faith in central banks …
-
Syria Weighs In On The Markets… so much even more than they used to. Is that ran ran into the ground he dumped its stake last week and a bunch of big week hedge funds are getting on board. Guys really know what they're talking about you you have Kyle bass is a big way down Texas. got …
-
Risk-Shy Americans Prefer Pitiful Returns of Cash Investing… to a study by Bankrate.com . Twenty-six percent of those surveyed preferred cash, which includes savings accounts, money - market funds , and certificates of deposit (CDs). Cash beat real estate (23 percent), gold or other precious metals (16 percent …
-
Feds Charge Hedge Fund… On a scale without any known precedent in the history of hedge funds . As described in the indictment the scope of illegal trading ..... here is that SAC capital is one of the biggest most powerful hedge funds in the entire world at their peak they controlled fifteen …
-
Wall Street Stocks Hit Record Highs
… investment bank activity. Deregulation in the late 1990s changed the rules, allowing big banks to jump into investment products, hedge funds and private equity business. "Banking should be boring," Warren told reporters, arguing that people who take big risks …
-
Markets Slide as Interest Rates Rise
… as quantitative easing - if economic data, especially hiring, improves. Now Japanese media reports are saying overseas hedge funds may be dumping the country's equities following disappointment over the Bank of Japan's decision earlier in the week to …
-
U.S. Spending Up Despite Payroll Tax… ago to in the last week was whether or not JC Penney could make it to the Christmas selling season. Now they can and the hedge funds were rather impressively getting along this company last week ahead of the debt deal them. Behave and they are kind of loading …
-
Web Extra: Read an Excerpt of David Stockman's New Book… ultra-leveraged hedge funds which happened to ..... of "wholesale" money market funds , mainly short-term ..... these de facto hedge funds held assets which ..... government only" money market funds . In truth, the …
-
401(k) Rollover Process Can Be Misleading, Report Says
… contributions and direct those and those of their employer to investment options, including mutual funds, target date funds, money market funds or company stock. According to the Investment Company Institute, IRA assets were $5.1 trillion by mid-year 2012 …
-
New Bounce for 401(k) Funds
… and there has been a large amount of volatility over years, but the averages have been better long-term bets than money market funds or bonds. "The stock market has consistently grown every decade over 10 percent," says Mark Wojno of Kiplinger's …
-
Hedge Fund Manager Charged With Insider Trading
… SAC Capital Advisors, one of the nation's most prominent hedge funds , an FBI spokesman said. Steinberg faces charges of insider ..... far in the FBI's campaign to root out insider trading at hedge funds and expert networking firms. SAC Capital Advisors, based …
-
China Fraud Accusations: Wesley Clark's Ex-Firm Faces Questions… large numbers of American investors, both though losses by public pension funds and 401K's, by Wall Street titans and hedge funds , and by small investors who traded from their lap tops. It's money that authorities say is unlikely to be recovered …
-
Sens. Charles Schumer and Jon Kyl on 'This Week'… because they don't pay corporate tax rates. They pay as individuals. But -- but wait a second. That's counting big hedge funds as small businesses, big hollywood productions like oprah winfrey as small businesses. It affects very few. We all know …
-
'This Week' Transcript: Senators Charles Schumer and Jon Kyl… pay corporate tax rates; they pay as individuals. KARL: But -- but... SCHUMER: Wait a second. That's counting big hedge funds as small businesses, big Hollywood productions, like Oprah Winfrey, as small businesses. It affects very few. We all …