Watchdog FINRA probes banks’ bond transactions: WSJ
(Reuters) – Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, the Wall Street Journal re…
DoJ probes Citigroup unit over suspicious transactions: WSJ
(Reuters) – The Justice Department is investigating whether a Citigroup Inc unit in California failed to alert the government about suspicious banking transactions along the U.S.-Mexico border, the Wall Street Journal reported, citing people familiar w…
U.S. judge accepts SAC guilty plea, approves $1.2 billion deal
NEW YORK (Reuters) – SAC Capital Advisors’ $1.2 billion criminal settlement for insider trading received final court approval on Thursday, as a U.S. judge accepted a guilty plea from the hedge fund firm run by billionaire Steven A. Cohen.
Ad hoc reforms for IMF seen unlikely
WASHINGTON (Reuters) – Global finance officials appear inclined to give the United States more time to endorse a series of long-delayed International Monetary Fund reforms aimed at giving more weight to emerging economy nations, rather than trying to i…
Former Maker Studios CEO sues to block Disney purchase: WSJ
(Reuters) – The co-founder and former chief executive of Maker Studios, Danny Zappin, filed a lawsuit aimed at preventing a shareholder vote on a takeover offer from Walt Disney Co, the Wall Street Journal reported on Thursday.
GM places two engineers on leave in deadly ignition switch probe
(Reuters) – General Motors Co said on Thursday it had placed two engineers on paid leave as part of an internal investigation into defective ignition switches linked to 13 deaths and the global recall this year of 2.6 million cars.
Former Maker Studios CEO sues to block Disney purchase: WSJ
(Reuters) – The co-founder and former chief executive of Maker Studios, Danny Zappin, filed a lawsuit aimed at preventing a shareholder vote on a takeover offer from Walt Disney Co, the Wall Street Journal reported on Thursday.
‘Heartbleed’ computer bug threat spreads to firewalls and beyond
BOSTON (Reuters) – Hackers could crack email systems, security firewalls and possibly mobile phones through the “Heartbleed” computer bug, according to security experts who warned on Thursday that the risks extended beyond just Internet Web servers.
Nasdaq drops 3 percent, worst day since November 2011
NEW YORK (Reuters) – The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor , increasing investor anxiety about a broader pullback.
H&R Block to sell bank unit to BofI Federal Bank
(Reuters) – U.S. tax preparer H&R Block Inc said it would sell its bank unit to BofI Federal Bank, freeing the company from Federal Reserve oversight.
