The U.S. Supreme Court has let stand lower court rulings that said Chicago law firm Mayer Brown LLP could not be sued in connection with the securities fraud scandal and sudden collapse of Refco Inc.
New York-based futures broker Refco filed for bankruptcy protection in October 2005 — two months after it went public — when billions of dollars in phony loan transactions came to light, exposing the extent of its indebtedness.
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Ex-UBS trader Hayes said to face U.K. Libor charge this week
The former UBS AG trader at the center of a global investigation into manipulation of interest rates may face criminal charges this week.
Market relationships offer insight into recent turns
This is a market of relationships. The more we understand those relationships, the better we are prepared for the unknown.
Using options to profit from a euro top
The Eurozone would not stand to benefit from a discontinuation of the American central bank stimulus efforts. So with downside pressure likely to continue for the euro, here's how can a trader take a speculative view on the euro with options.
Abe-Bernanke one-two punch crushes carry trade
Mexico’s peso is losing its status as the best carry-trade currency for Japanese investors as the Bank of Japan signals reluctance to boost stimulus while the Federal Reserve weighs curbing its asset purchases.