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S&P May Face Action Over CDO Ratings

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US regulators have warned credit rating agency Standard & Poor's they are considering taking action over its rating of mortgage-backed investments ahead of the 2008 financial meltdown.

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Money On Hook

Citigroup traders said to lose $150m

Citigroup, the world’s biggest currencies dealer, lost more than $150m after the Swiss central bank’s surprise decision to let the franc trade freely against the euro, according to a person briefed on the matter.

A Billion Dollars

$830m fund said wiped out in a single day

Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold.