Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. were among at least 15 financial companies that received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called a mistake.
Banks including Citigroup Inc. and Goldman Sachs Group Inc., along with congressional staff members and trade groups, received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called accidental.
Louis Moore Bacon told investors it’s too hard to make money with macro hedge funds as government intervention and declining trading volumes limit the ability of managers to make large bets. He should consider the $7 trillion U.S. mortgage bond market.
Tanzanians held a peaceful election that will probably hand President Jakaya Kikwete a second and final five-year term to implement policies aimed at strengthening East Africa’s second-biggest economy.
The whistle-blower helping the U.S. government mount a $1 billion fraud lawsuit against Bank of America Corp. was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two entities he claims the bank defrauded.