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U.S. Probe of SAC Trading Said to Be Linked to 2010 Case


A U.S. investigation of possible insider trading at SAC Capital Advisors, the $14bn hedge fund run by Steven A. Cohen, is linked to a 2010 regulatory lawsuit over allegedly illegal trades in InterMune Inc. (ITMN), according to a person with knowledge of the matter.

Too Big To Fail Often Means Too Big For Jail

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Five years after a wave of risky mortgage bets cratered the banking system and sent the global economy into recession, not a single senior executive from the biggest banks has gone to jail.

Facebook Pushes U.S. to Top of IPO Charts

The $16 billion Facebook share offering made the U.S. the biggest global market for initial public offerings (IPOs) for the first time since 2008 this year, according to figures from Dealogic.