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The civil engineer's loss on a Credit Suisse exchange-traded note (ETN) shows why banks are being pressured by the SEC to beef up disclosures on the products.
A former official of BP Plc will pay $224,000 to settle U.S. claims that he traded securities based on inside information about the magnitude of the Deepwater Horizon oil spill, the SEC said.
Consumer spending has been exceptionally weak once wealth is accounted for, according to new research.
Hedge funds may have been to blame for helping spread the financial crisis of 2008, according to new research.
Officials from the Treasury Department and the National Security Council met in Washington with mutual-fund and hedge-fund managers, according to a person who attended.
Billionaire brothers Charles and David Koch added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast.
Bank Rossiya’s rise from a Communist Party shell company to a conglomerate with $12.6 billion of assets dovetails with President Vladimir Putin’s own ascent to power.
The third-largest manager of U.S. mutual funds urged 800,000 customers to change account passwords to protect themselves against a notorious computer bug.
The Secret Service and FBI are investigating an increasing number of attacks on U.S. retailers’ data, including credit card accounts.
Across the nation, hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters that the government has confiscated their check.
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