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The case is sending ripples throughout the world of hedge funds, a stratum of high finance that has thus far been largely untouched by the post-meltdown regulatory scrutiny and populist outrage directed at mainstream banks. "This case should be a wake-up call for Wall Street," U.S. Attorney Preet...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

Rajaratnam is a major foreign investor in the Colombo bourse individually as well as through Galleon. Rajaratnam has stakes in at least six banks listed in the bourse and in John Keells Holdings, the largest publicly traded company in the $10 billion market. The market fell 1.6% on Monday, the...

Author: /time Magazine | Title: Inside Trader Has Long Faced Scrutiny in Sri Lanka | 10/20/2009 | See Source »

Pot-of-gold paydays at financial firms are about to become a hot topic - again. In the next week or so, Kenneth Feinberg, the U.S. Treasury Department's special master of compensation who is scrutinizing pay packages at bailed-out banks, is expected to release a report on the 75...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

Saudi men may have to start getting used to such situations. True, Rotana remains an anomaly protected by the position and progressive ideals of its owner - global investor Prince Alwaleed bin Talal bin Abdulaziz al-Saud. And Saudi women still can't drive and legally can't even leave the...

Author: /time Magazine | Title: New Rights, and Challenges, for Saudi Women | 10/19/2009 | See Source »

He brought with him some new ideas. For Interbank to thrive, he reasoned, it had to be globally competitive. So the company set about benchmarking top performers--Southwest Airlines, Ritz-Carlton and, of course, a few banks--to understand what it would take. "We started learning, and little by little...

Author: /time Magazine | Title: Lima's Lure | 10/19/2009 | See Source »

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