FOX Business Network (FBN) senior correspondent Charlie Gasparino reports that government officials are trying to get former SAC Capital portfolio manager Mathew Martoma 'to flip against' the fund company’s founder Steve Cohen on insider trading allegations.
Tiger Asia Management LLC, the New York-based hedge fund run by Bill Hwang that had $1.2 billion as of August, is expected to plead guilty to wire fraud as part of a U.S. insider trading investigation, according to two people familiar with the matter.
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.
US authorities defended their decision not to prosecute HSBC for accepting the tainted money of rogue states and drug lords on Tuesday, insisting that a $1.9bn fine for a litany of offences was preferable to the "collateral consequences" of taking the bank to court.
Remember what it was like to get your bonuses in cash - none of this deferred stock stuff ? But one firm's still bucking the trend (to the great delight of its staff).
Deutsche Bank on Wednesday said its Frankfurt offices were being searched by prosecutors probing a tax evasion scheme involving the trading of carbon permits.
Larry Fink, CEO of BlackRock, guest hosted Bloomberg TV's 'Market Makers' with Erik Schatzker and Stephanie Ruhle today.
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.
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.