NEW YORK (Reuters) – A financial advisory unit of Deloitte LLP has agreed to pay $ 10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered … Continue reading
* Pre-holiday liquidity squeeze affects interbank market * Rates up on rumour a mid-sized bank defaulted on interbank loan * Some banks desperate to borrow at any price – dealers * Reduced forex…
May 25 (Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which…
(Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter … Continue reading
Can small money overwhelm big money? Faced with a hostile Supreme Court and a gridlocked Congress offering little chance of passing legislation, today’s campaign-finance reformers sure hope so. The notion is alluring. Online fundraising has made it easy to collect … Continue reading
MUMBAI (Reuters) – Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
Outside, it’s minus 22 degrees as a February wind blasts across the Central Asian steppe and through the Mongolian capital, Ulaanbaatar. Inside Government House, President Tsakhia Elbegdorj delivers a televised speech that simultaneously warms his people and chills foreign investors. … Continue reading
“Does money buy happiness?” is the kind of open-ended question that inspires great novels and Baz Luhrmann movies, but it also has spawned quite a research program in economics. The University of Southern California’s Richard Easterlin kicked the discussion off … Continue reading