Career News 24/7: Reuters Money: Ex-Madoff aide testifies at own trial, denies he knew of fraud

Thursday, February 20, 2014

Reuters Money: Ex-Madoff aide testifies at own trial, denies he knew of fraud

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02/20/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Ex-Madoff aide testifies at own trial, denies he knew of fraud

NEW YORK (Reuters) - Only minutes into the prosecution's questioning of former Bernard Madoff aide Daniel Bonventre at trial on Wednesday, it was clear he was in for a long day.

Luxury travel digs without the hotel

(Reuters) - Shell out a couple of thousand dollars a night for a vacation stay, and you're not going to have to pretend you're anyone's cousin when you pick up the keys - like you might with some Web-based booking sites where people rent out their own homes to travelers.

Hedge fund manager Griffin gives $150 million to Harvard

BOSTON (Reuters) - Billionaire investor Kenneth Griffin, who started his hedge fund in his dormitory room at Harvard University, is donating $150 million to his alma mater in what will be the largest single gift ever made to the Ivy League school.

Now more than ever, a college diploma keeps the wolf from the door

LOS ANGELES (Reuters) - Some Americans may question whether a college education is still a good value, but a recent study found most young college graduates see their degrees as worthwhile investments.

Should you fire your economists?

(Reuters) - Rather than waste time and money making doubtful predictions about economic growth, you might just do better by buying stock in countries which have recently had hard times.

Whitman Capital founder loses appeal on insider trading conviction

NEW YORK (Reuters) - California hedge fund manager Doug Whitman, the first defendant in the broad U.S. crackdown on insider trading to take the stand in his own defense, on Wednesday failed to persuade a federal appeals court to overturn his conviction.

SEC's Stein calls for more reforms to short-term lending market

WASHINGTON (Reuters) - The short-term lending market is in need of reform to improve its transparency, a top U.S. regulator said on Wednesday, saying that the lack of public information on how much financial firms rely on such borrowing could lead to another financial crisis.

U.S.-based bond funds attract $1.1 billion in latest week: ICI

NEW YORK (Reuters) - Investors in U.S.-based mutual funds committed $1.1 billion to bond funds in the latest week as some concerns of a pullback in the U.S. stock market came into play, even as stocks attracted substantial new funds, data from the Investment Company Institute showed on Wednesday.

BTG Pactual's Esteves sees return on equity above 20 percent in long run

SAO PAULO (Reuters) - Grupo BTG Pactual SA, Latin America's largest independent investment bank, is expected to consistently deliver return on equity readings above 20 percent in the long run, Chief Executive Officer André Esteves said on Wednesday.

As discontent grows, Singapore budget to tighten noose on the rich

SINGAPORE (Reuters) - Singapore is known as a tropical refuge for the world's wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the global jet-set.