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Morning six-pack: What we're reading Tuesday

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Happy Tuesday and Merry (almost) Christmas. Most people are jetting for the holidays later today, but here's one last dose of financial news before the break.

Departures from SAC Capital to rival hedge funds continue, this time with traders in London going to Moore Capital. My CNBC.com story explains.

The recent market rally is likely to add a boost to bonus packages for Wall Street's traders and investment bankers, partially offsetting an otherwise grim year. (Wall Street Journal)

Fines for mortgage companies' old, bad practices aren't as punitive as they look on paper, like Ocwen Financial's recent $2 billion settlement. (New York Times)

BlackRock is seizing an opportunity to buy Turkish stocks after political turmoil rattled other investors and drove down prices. (Bloomberg)

Applications for home mortgages hit a 13-year low as rates rose due to a bond market selloff following the Federal Reserve's decision to taper. (Reuters)

Boaz Weinstein's Saba Capital is headed for its second losing year in a row, hurt in part by a wager that European equities would rise more than high-yield credit. (Bloomberg)

—By CNBC's Lawrence Delevingne. Follow him on Twitter @ldelevingne.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.