- BusinessBusiness Insider•21 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•14 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•2 hours ago
Oil prices fell on Friday on a stronger dollar and as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide. Global benchmark Brent crude futures (LCOc1) were down $1.03 at $48.21 a barrel