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'Perfect storm' benefits these hedge funders

Hedge Fund

Hedge funds that bet on broad macroeconomic trends have bled money all year waiting for their investment ideas to hit. Some of their biggest wagers-from rising interest rates to a stronger U.S. dollar to more volatile markets-finally paid off in September, helping reverse an otherwise miserable 2014.

Deutsche Bank bolsters compliance

Deutsche Bank - Foyer Bridge

Deutsche Bank the German bank that has pledged to improve controls after criticism from regulators, hired Elizabeth J. Ford from Goldman Sachs Group Inc. as head of compliance for the Americas.




C Suisse to sell distressed assets

Credit Suisse has begun selling $1.9bn of distressed-debt holdings that triggered losses at the end of last year, as part of an overhaul by CEO Tidjane Thiam, people with knowledge of the matter said.

Citi Building Sign

Citi receives subpoena in FIFA probe

Citigroup said it received a subpoena from the U.S. Attorney for the Eastern District of New York regarding the bank’s possible role in bribes paid to international soccer officials.