| | Former Madoff associates found guilty of fraud | NEW YORK (Reuters) - Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his massive Ponzi scheme for years. | | | | | | GM sued over fatal crash tied to ignition defect | NEW YORK (Reuters) - General Motors Co has been hit with what is believed to be the first wrongful death lawsuit over ignition switch problems since it recalled 1.6 million vehicles in February. | | | | | | Tera Exchange announces first Bitcoin derivative | WASHINGTON (Reuters) - TeraExchange said on Monday it had constructed a swap based on the bitcoin virtual currency, a step that would bring the emerging payment system under the oversight of U.S. regulators for the first time. | | | | | | Morgan Stanley pays fine after index hedge topped soymeal limits | WASHINGTON/CHICAGO (Reuters) - Morgan Stanley has agreed to pay $200,000 to settle civil charges it exceeded speculative position limits in soybean meal futures for two days while attempting to hedge a commodity index investment, U.S. regulators said on Monday. | | | | | | Fed unlikely to have significant losses as rates rise: paper | SAN FRANCISCO (Reuters) - The Federal Reserve, whose balance sheet has swollen to more than $4 trillion as the U.S. central bank has worked to push down borrowing costs and boost the economy, probably will not sustain big losses once interest rates start rising, according to research from the San Francisco Fed. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |
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