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Ex-RBS trader pleads guilty


A former Royal Bank of Scotland trader pleaded guilty to a fraud scheme in a new thread of the U.S. government’s probe of the securitized debt market.



Hedge Maze

UBS boosts hedge fund allocation

UBS boosted its recommended allocation to hedge funds for the second time in as many years, saying that the strategy will provide stability amid volatile markets.

Graph And Coins

Goldman cuts costs as revenues decline

Goldman Sachs, the worst performer in the Dow Jones Industrial Average this year, climbed Tuesday after blunting a plunge in first-quarter revenue by cutting costs deeper than analysts predicted and vowing to do more if needed.