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The 57-year-old founder and head of SAC Capital Advisors is accused of allowing senior employees to make trades based on inside information.
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The investor lawsuit claims the companies, including Blackstone, Carlyle and Bain Capital, colluded to drive down prices on hundreds of billions of dollars in takeovers.
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Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.
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Some companies offer employees one-on-one financial counseling. The service can be revealing.
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The minutes of the Federal Reserve's June meeting will be released a 2 p.m. That's the meeting chairman Bernanke said the Fed could begin to think about reducing the amount of money it pumps into the economy.
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Homebuyers are on edge after a sudden jump in mortgage rates. Industry analysts wonder if the spike in rates will scare off potential buyers or push them into closing a deal before rates go up more.
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The lending rate between Chinese banks spiked dramatically on Thursday, creating a credit crunch. Renee Montagne talks to NPR Shanghai correspondent Frank Langfitt about the turbulence in China's banking system, and how authorities in Beijing are responding.
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The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.
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The bond market has pushed interest to the highest levels in 15 months, and that includes mortgage rates. David Greene talks to David Wessel, economics editor at The Wall Street Journal, about rising interest rates.
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The Federal Reserve's economic stimulus has helped keep mortgage rates at record lows in the years since the Great Recession. But rates are ticking upward, leaving some investors worried that the nascent housing recovery will suffer if the Fed unravels its policies too quickly.