Wing F. Chau, the bond manager who sued Michael Lewis over his depiction in the 2010 book “The Big Short,” was accused by U.S. regulators of violating his fiduciary duty by accommodating requests from Magnetar Capital LLC in managing financial products linked to subprime mortgages.
Students who dream of starting a high-tech company may aim for Stanford University, while those who want to be scientists target the Massachusetts Institute of Technology. If running a Major League Baseball team is on your to-do list, it pays to attend Amherst College.
Lawyers for Michael Lewis, the author of “Liar’s Poker” and “Moneyball,” asked a judge to dismiss a lawsuit by a bond manager who claimed Lewis’s book about subprime mortgage investing, “The Big Short,” defamed him.
Foreclosure starts in the Washington suburbs rose last month following federal budget cuts that may have made it harder for some homeowners to pay their mortgages, even as defaults fell across the country, RealtyTrac said.
Base metals may advance through the end of the year on increased demand in China, the world’s largest user, while oil will probably see little change over the final quarter, Deutsche Bank AG estimates.