Iranian Miniskirts, Bags of Cash Raise Doubts Over Controls at HSBC
A monitor of HSBC’s vigilance against money laundering and evasion of sanctions has uncovered lapses in the wake of a 2012 settlement with the Justice Department.
Hackers Breach Law Firms, Including Cravath, Weil Gotshal
Federal investigators are exploring whether the cybercriminals stole confidential information for the purpose of insider trading.
Hedge-Fund Manager’s Charity Was Victim of Alleged Caspersen Fraud
Hedge-fund manager Louis Bacon’s charitable foundation said it was the victim in an alleged scheme orchestrated by former private-equity executive Andrew W.W. Caspersen to defraud investors out of $95 million.
Property Report
Another Condo Bust Looms in Miami
Miami is facing a condo bust—again. Developers have started canceling projects, slashing prices and offering incentives such as private-jet access to spur sales, an ominous echo of the 2008 housing crash. 58
- More in the Property Report:
- Foreclosure Firms Reinvent Themselves
- BoE to Tighten ‘Buy-to-Let’ Lending Rules
Robo Top? Online Adviser Betterment Gets $700 Million Valuation as Rivals Emerge
Online financial adviser Betterment LLC said Tuesday it has raised new funding that values the company at $700 million.
Oil Explorers Face Challenge to Secure Financing as Oil Prices Fall
Just a few years ago, when oil prices were $100 a barrel, banks were lining up to give international oil explorers access to billions of dollars to finance projects. Now the money is drying up, as oil prices stay mired in a prolonged funk.
Ahead of the Tape
Coming Up: Paychex Gives Sneak Peek at Jobs Report
Financial Crisis
A 2008 Crisis Mystery Solved
Credit Markets
Western Digital Bond Sale Is Test for Junk Market
Financial Regulation
Amaya CEO Takes Indefinite Leave
Stocks in the News
S&P 500 Stocks
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