Tuesday, 30 September 2014
Last updated 3 hours ago
Dec 16 2013 | 10:39am ET
The Feds have one man to thank for their upcoming $2 billion settlement with JPMorgan Chase over the bank's failure to alert regulators to Bernard Madoff's Ponzi scheme. And that man, according to none other than Bernard Madoff, is Bernard Madoff.
Madoff told CNBC's Scott Cohn that he gave "key information" to the U.S. Treasury's Inspector General's office that was used by federal prosecutors in New York to build their criminal case against the bank, which Madoff used for decades. It isn’t clear what, if any, validity Madoff's claim has.
JPMorgan is nearing a deferred-prosecution agreement with prosecutors under which it would admit it failed to file a required suspicious activity report just before Madoff's fraud collapsed in 2008. The bank had filed a similar report, citing red flags in Madoff's operations, with British regulators.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...