Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.» Read More
The investigations into Bernard L. Madoff are expanding into offshore tax havens, the New York Times reported.
U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.
IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equity and hedge fund firms in a complex deal partly financed by the federal government, the New York Times reports.
The direct effects are limited, but indirect effects could be large. In speaking with hedge fund investors and advisors over the past week, Madoff's investors appear to be overwhelmingly high net worth individuals in Europe and the U.S.
Rene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors, was found dead in his office in Manhattan, the New York Times reports.
Since Bernard Madoff was arrested in connection with a $50 billion Ponzi scheme, the Fairfield Greenwich Group has portrayed itself as an another unwitting victim of the fraud. But for Fairfield, working with Mr. Madoff was hugely profitable, the New York Times reports.
Only the most sophisticated investors banked with Bernie. But they seemed to forget the most basic of rules.
We had been camped out here at the federal courthouse for two days now waiting for Bernie Madoff before we got a shot of him.
Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.
One of the greatest sports business stories of the year was Big Brown and the horse’s quest to win the Triple Crown. It was the perfect story for me. Owners in the financial world, hoping to start a hedge fund, have a horse that’s one race away from history.
Plus, Cramer talks Ken Heebner, shipping stocks and more.
Many of those who say they were victimized by long-time investor Bernard Madoff's alleged "Ponzi" scam are up in arms that the Securities and Exchange Commission, Wall Street's top cop, didn't crack down on his activities sooner.
Find out why hedge fund manager Karen Finerman thinks the alleged Madoff Ponzi scam could have severe consequences for a long time to come!
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
Bernard Madoff said he only had about 25 clients but the list of potential victims of what prosecutors say was a $50 billion Ponzi scheme may actually be in the hundreds—or thousands.
The latest list of people and organizations who have lost money in Madoff's fund, according to the New York Times.
Bernard Madoff’s clients might have escaped their tremendous losses if only they saw these warning signs.
Even the worst of news couldn't jolt investors Friday. Here's what it means for the market.
Big money is manipulating the market, forcing the little guy to cash out. Here's how you survive.
Documents in a divorce case show that Pequot Capital Management or its C.E.O., Arthur Samberg, is paying millions to a figure in a notorious S.E.C. probe. But why?