Reuters Money: Ex-Jefferies trader Litvak wraps up TARP fraud defense

	Click to View in Browser 03/5/2014 Ex-Jefferies trader Litvak wraps up TARP fraud defense NEW HAVEN, Connecticut (Reuters) - Lawyers for Jesse Litvak wrapped up their defense of the former Jefferies Group Inc trader on federal fraud charges without his taking the stand, putting the case on track to go to the jury by late Wednesday. Pimco's Gross says returns on risk assets depend on Fed NEW YORK (Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, said Tuesday that risk assets such as stocks and high-yield bonds will outperform this year if the U.S. Federal Reserve and other central banks can convince investors that easy money policies are stimulating growth. Lehman Europe creditors in line for extra $8 billion payday LONDON (Reuters) - Hedge funds, asset managers and other creditors of Lehman Brothers' European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra 5 billion pounds ($8.4 billion). Law firm Patton Boggs engages former Dewey restructuring adviser NEW YORK (Reuters) - Beleaguered Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm, according to people familiar with the matter. Obama scales back budget request for CFTC, while sparing SEC WASHINGTON (Reuters) - The White House on Tuesday asked Congress to ramp up funding for the U.S. securities regulator, but caused an outcry from the top derivatives regulator by scaling back its prior request for a boost for that agency. Legg Mason to buy private asset manager QS Investors (Reuters) - Asset manager Legg Mason Inc said it will buy privately held QS Investors and merge it with two other business units, aiming to build sales to institutional clients and retail investors. Ken Moelis' investment bank files to go public (Reuters) - Investment banker Ken Moelis' boutique investment firm, Moelis & Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States. Bloated cost of a gluten-free diet is hard to digest BOSTON (Reuters) - When Alice Bast was diagnosed with celiac disease in 1994, she had to scour local health-food stores and send away to Canada for the gluten-free food her condition necessitated. Morgan Stanley hires advisers from UBS, Wells Fargo (Reuters) - Morgan Stanley's wealth management unit said it hired six financial advisers from UBS and Wells Fargo. Russia and the dead BRIC thesis: James Saft (Reuters) - Sometimes it takes a slap in the face to make you realize a long-cherished belief is long dead. Related Video S&P 500 flies to record as Ukraine tensions ease Wall St. caught up in Russia-Ukraine worries Business News Wall Street opens flat after ADP; ISM services due U.S. services growth dips in February: Market The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend