- U.S.Business Insider•16 hours ago
About a year before Sanjay Valvani's wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading. Valvani drove profits at Visium Asset Management, an $8 billion New York hedge fund that had been on the rise.
- BusinessCNBC.com•8 hours ago
The first scenario that Cramer said could happen is that Deutsche Bank's credit lines could get pulled, causing it to fall, and take down other banks with it. Many banks lend money to one another, and the presumption will be that money should not be lent to Deutsche Bank right now. The collapses of banks in the recent financial crisis were not caused by depositors pulling out cash, but by credit getting cut off, Cramer said. That is what happened on Thursday. This is the systematic risk that many fear. If this happened, Cramer expects a multi-day decline in markets around the world. Cramer thinks the German government will likely not allow this to happen. "However, until we know that for sure
- financeReuters•9 hours ago
"There does not appear to be any urgency to raise rates when inflation is coming up low," Kashkari said at a town hall meeting in Rapid City, South Dakota. Waiting too long to raise rates, he said, is less risky than raising rates too soon, because the Fed has the tools to tamp down inflation