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The Soros Letter To Investors

George Soros

Here's the letter George Soros's Quantum Group of Funds sent to investors this week advising them that the Soris Fund Management will be closed to outside investors, and that capital will be returned 'over the coming months'.

Top Firm May Cut Up To 2,000 Jobs

Empty Desk

Swiss newspaper Neue Zuercher Zeitung reported Tuesday that Credit Suisse is likely to announce that it is cutting up to 2,000 jobs when its posts its Q2 earnings Thursday.

Ex-Moore Capital Portfolio Manager To Pay $1m To Settle CFTC Charges


Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges that Christopher Louis Pia of North Castle, N.Y., while employed as portfolio manager for Moore Capital Management, LLC (Moore Capital), attempted to manipulate the settlement prices of palladium and platinum futures contracts on the New York Mercantile Exchange (NYMEX).



Red Warning Light

UBS warns, doubles dividend

UBS, the biggest Swiss bank, doubled its full-year dividend to mark its biggest payout since the credit crisis Tuesday, but warned the Swiss franc's strength could hit future profits.