Jon Horvath, a former analyst at SAC Capital Advisors LP who pleaded guilty to passing illegal tips to one manager at the hedge fund, also funneled inside information to another supervisor, U.S. regulators said in a lawsuit that may help accelerate the massive criminal investigation of SAC and its founder, Steven A. Cohen.
Stifel Financial Corp. has announced it will acquire the U.S. institutional fixed income sales and trading business from Knight Capital Group, Inc.
The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.
Erik Schatzker reports on what JPMorgan CEO Jamie Dimon about the London 'Whale' trades in the Senate report.
Lazard paid Chairman and CEO Kenneth Jacobs $8.5m in 2012, down 5% from the prior year, and set new pay-clawback and other compensation-related policies for its top executives.
Ina Drew, the former Head of the Chief Investment Office, JPMorgan Chase before the U.S. Senate Permanent Subcommittee on Investigations Washington, D.C. March 15, 2013
Hedge fund titan Steven A. Cohen's firm, long the focus of a federal investigation into insider trading, is paying more than $600 million to U.S. securities regulators to settle allegations arising from improper trading in two stocks.
One of the giants of the French legal system was found dead near his private island in Brittany on Sunday morning.
Ina Drew, the former top banker who oversaw JP Morgan's London Whale trading losses, insisted that she was not to blame for the $6.2bn (£4.1bn) black hole that ended her 30-year career.
JP Morgan faced a barrage of criticism on Friday for it disastrous "London whale" trading loss as senators and the bank's regulator accused its executives of believing they were too big to fail, ignoring warnings about the escalating losses and deliberately withholding information.
The U.S. is expanding an investigation into deceptive sales practices by bond traders even though the first major conviction in the area could be overturned.
From snail-shaped homes to rotating sun-catching buildings, these 20 architectural achievements must been seen to be believed!
Hedge funds focused on China suffered around $10 billion in outflows in July, after the Shanghai Composite posted a fall of over 14 percent for the month, new data shows.