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Seven men, including fund managers and analysts, were accused by the U.S. of forming a "criminal club" of friends and co-workers who reaped almost $62 million in illicit profits from insider trading in Dell Inc. (DELL) shares. Manhattan U.S. Attorney ...
Wall Street banks reporting poor trading results might want to take some tips from Wells Fargo & Company. The San Francisco-based lender's fourth-quarter earnings, reported Tuesday, benefited considerably from a recovery in trading income. Its ...
Citigroup Inc. (C), the U.S. bank led by a former equities-trading chief, said revenue from that business dropped more than 70 percent for the second straight quarter. Stock-trading revenue fell to $232 million in the fourth quarter from $808 ...
In August 2008, Jesse Tortura, a research analyst at the Diamondback hedge fund, got a tip from a former colleague that Dell was going to announce disappointing earnings later that month. He emailed his boss, saying it "doesn't sound good ...
Jan. 17 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank by assets, said fourth-quarter profit dropped 11 percent, missing analysts' estimates for an increase, as revenue from stock and bond trading declined. Net income fell to $1.17 ...
SINGAPORE, January 18, 2012 /PRNewswire via COMTEX/ -- MetaQuotes Software Corp. announces the successful certification of its MetaTrader 5 trading platform by one of Asia's leading stock markets - the Singapore Mercantile Exchange (SMX). The ...
NEW YORK (Reuters) - Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds. The FBI in New York arrested four people on ...
The FBI has made another round of arrests of Wall Street traders as part of an ongoing corruption probe that authorities have considered one of the most extensive insider trading investigations in history. At least two traders, including one ...
NEW YORK, Jan 18, 2012 (BUSINESS WIRE) -- When it comes to currency trading there's no magic ball or mirror for us to look into to see what lies ahead. Instead, we must rely on the current information we have as well as take a look at the past ...
A major investigation of insider trading on Wall Street extended beyond the exclusive world of New York hedge funds and into a small Southern California investment firm when federal agents arrested a South Pasadena research analyst. Danny Kuo ...