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Twitter goes head-to-head with the Bank of England

Bank Of England Building

Public relations minefield or move to greater transparency ? Companies and governments hosting question and answer sessions over the social media site Twitter have had their fair share of mishaps over the years, but that hasn't dissuaded the Bank of England (BoE).

Big-time hedgie Steve Cohen not so big anymore

Hedge Fund

Amid a raft of legal actions that could ultimately halt his management of outside assets, SAC Capital founder Steve Cohen has slashed the size of his trading book, said people who work with him.



Sec Building

Two UBS advisory firms settle charges with SEC

The Securities and Exchange Commission has announced that two UBS advisory firms have agreed to settle charges arising from their roles in failing to disclose a change in investment strategy by UBS Willow Fund LLC, a closed-end fund they advised.