Wednesday, 22 October 2014
Last updated 13 hours ago
Oct 17 2011 | 9:47am ET
U.S. Treasury Secretary Timothy Geithner says Americans should “stay tuned” for more prosecutions of law-breaking Wall Street financiers.
Geithner made the comments on Friday during a CNBC television interview, countering a suggestion that Occupy Wall Street protesters are angry over the lack of prosecution of the bankers behind the 2008 financial crisis.
"That's not true," said Geithner. "You've seen very, very dramatic enforcement actions already ...across the U.S. government and I'm sure you're going to see more to come. You should stay tuned for that.”
The Treasury Secretary also said that although the government faces “a lot of resistance” to new regulations intended to prevent a replay of the crisis, it was determined to implement reforms to protect consumers.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...