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)