Bloomberg News

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How UBS Spread The Pain Of Puerto Rico's Debt Crisis To Clients

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After UBS helped the government dig itself into a deeper hole and put island customers on the hook for the losses that followed, its Puerto Rico saga has become a cautionary tale of how risks can...

Goldman CEO Says He Has ‘Highly Curable’ Lymphoma

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Goldman Sachs CEO Lloyd Blankfein says he has a “highly curable” form of lymphoma and will undergo chemotherapy over the next several months.

Billionaire Macau Developer Denied Bail In Currency Scheme

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A billionaire developer from Macau arrested in the U.S. on charges he brought $4...

Texan Pleads Guilty To Running Bitcoin Ponzi Scheme

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A Texas man accused of operating a Ponzi scheme involving bitcoins pleaded guilty on Monday in what prosecutors say was the first U.S. criminal securities fraud case related to the digital currency.

Ex-Morgan Stanley Advisor Pleads Guilty In Connection With Data Breach

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A former Morgan Stanley financial advisor who was fired in connection with a major breach of client information pleaded guilty on Monday to taking confidential client data.

Billionaire Perelman Criticizes Transparency At Carnegie Hall

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Discord has enveloped the board of New York’s Carnegie Hall after billionaire Ronald O...

Hedge Funds Burned By Fed Set To Unwind Bearish Rate Bets

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Hedge funds and other speculators were ready to profit last week if the Federal Reserve lifted interest rates...

Who's Left To Sell U.S. Stocks? Mood Darkens Most Since Volcker

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Amid a six-year bull market that’s notable mainly for how little conviction there is in it, equity sentiment is plunging at a historic rate

The Rent Crisis Is About to Get A Lot Worse

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The number of U.S. households that spend at least half their income on rent—the "severely cost-burdened," in the lingo of housing experts—could increase 25 percent to 14...

SEC Loses Second Round In Battle Over In-House Judges

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The SEC lost twice Thursday in bids to preserve its internal court system for meting out justice in the securities markets, but there may be light at the end of the tunnel at least in one case.

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