Former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript and was expelled from Harvard Law School. Though the revelations date back to 1999, the prosecutors sought to... Read More

The Hong Kong “dollar peg,” mandating that its currency value float in relative tandem with the US dollar, has weakened to the low end of the range. Some analysts... Read More

Obamacare exchanges will begin to open across the United States next month, but according to CNN, some of the biggest insurers in the United States will likely not offer... Read More

The Biggest Myths In Net Asset Value by Dave Nadig, FactSet It’s nice to have things you can count on in investing – and pretty rare. One of those stalwart... Read More

Bank of America Corp (NYSE:BAC) noting Ambac Financial Group, Inc. (NASDAQ:AMBC)’s damages claim in excess of $2.5 billion in a recent filing could be a positive for Ambac, notes... Read More

Considering the European Banking Authority conducted its own stress tests earlier this year, results from the Bank of England’s own stress test, released today, don’t contain any real surprises,... Read More

FXCM Inc., the largest retail foreign-exchange brokerage in the U.S., has adopted a shareholder rights plan with a 10% trigger, with the goal of preventing a potential hostile takeover... Read More

This is the first of a multi-part series on Dr Michael Burry, value investor, founder of Scion Capital and one of the first fund managers to bet against the... Read More

While deposit service fees have been under pressure across the banking industry, interchange revenues on debit and credit cards have been steadily expanding, notes Sterne Agee. Matthew Kelly and team... Read More

From Whitney Tilson of T2 Parters: Our fund rose 1.5% in April vs. -0.6% for the S&P 500, +0.2% for the Dow and -1.4% for the Nasdaq. Year to date, our... Read More