NEW YORK, April 18- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.» Read More
As the financial crisis causes more banks to fail, the cash-strapped FDIC may be forced to back away from its longstanding policy of preventing hedge funds from buying banks.
The former CEO of Procter & Gamble Co. has landed a new job with a private equity firm.
Something incredibly simple can give you the edge on Wall Street vets.
The Lazarus-like recovery of the nation’s big banks did not benefit just the bankers — it also created huge paydays for hedge fund managers, including a record $4 billion gain in 2009 for one bold investor who bet big on the financial sector.
Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.
This is certainly one of them, Cramer says.
A former I.B.M. senior executive pleaded guilty on Monday to providing confidential information about Advanced Micro Devices and Lenovo to a friend who was a hedge fund consultant and an alleged participant in a wide-ranging insider trading scheme.
Citigroup has expanded its up and coming hedge fund servicing team by adding 13 new hires to its Global Prime Finance Group in London and New York, the FT reports.
HE is a billionaire several times over. He has spent the better part of four decades terrorizing corporate chiefs and battling entrenched boards. His name is emblazoned on a stadium on an island in the East River, a laboratory at Princeton, a science center at the Choate Rosemary Hall school in Connecticut and charter schools in the Bronx.
Plus, get Cramer’s take on tax “avoidance” versus tax “evasion.”
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
Greek Prime Minister George Papandreou is due to meet President Barack Obama. Greece is briefing the Obama administration on reforms and discussing global financial regulation.
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My CNBC colleague Mary Thompson recently interviewed Harry Markopolos who for nearly ten years; tried, and failed, to alert regulators and investors of Bernie Madoff's $65 billion dollar Ponzi scheme.
It’s not your typical list of catalysts, Cramer says. Something else is at work.
Is Citigroup talking with Skybridge Capital about selling a hedge fund? We got the latest from Skybridge Partner Anthony Scaramucci.
An October trial date in New York has been set for Raj Rajaratnam, charged in what prosecutors call history's largest hedge fund insider trading case. The founder of New York-based Galleon Group, entered a not guilty plea to an updated indictment released by prosecutors last week.
A federal grand jury in New York has returned a new indictment against hedge fund mogul Raj Rajaratnam and former consultant Danielle Chiesi, sharply raising the stakes in what authorities had already called the largest hedge fund insider trading case in history.
Plus, find out an even more powerful driver behind the markets these days.
Plus, find out why the Dow managed to close in positive territory after a near two-day sell-off.
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Carlyle has raised $698 million for its dedicated Africa fund, nearly $200 million above its initial target.
Happy Wednesday. We now return to our regularly scheduled program of spring.
Major market averages may not have much further to fall before indicating that something considerably worse is in store.