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Monday, February 24, 2014

Reuters Money: Madoff victim fund receives over 9,000 claims, extends deadline

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02/24/2014
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
Madoff victim fund receives over 9,000 claims, extends deadline
NEW YORK (Reuters) - More than 9,000 claims from people who say they were defrauded by Bernard Madoff have been submitted to a $4.05 billion fund set up by the U.S. government, and victims of the swindler's Ponzi scheme were given two more months to seek compensation.
Exclusive: Ally targets March IPO to raise up to $4.5 billion, government exit
(Reuters) - Ally Financial Inc is hoping for an initial public offering of as much as $4.5 billion next month, sources familiar with the matter said, in a deal that would allow the U.S. government to make a profit on its crisis-era bailout of the auto lender.
U.S. fund managers juggle Puerto Rico debt, redemptions and rate worries
BOSTON (Reuters) - Municipal bond fund managers, facing heavy redemptions from funds holding unfavorable debt, have been forced to juggle their holdings to pacify moody retail investors.
SEC reviewing if some high-speed traders should register
WASHINGTON (Reuters) - Securities regulators are studying whether more proprietary high-speed trading firms should register as broker-dealers, which would subject them to greater oversight, a Securities and Exchange Commission official said on Friday.
Hoodie-clad billionaire Cuban live-tweets SEC conference
WASHINGTON (Reuters) - The annual "SEC Speaks" conference is usually a sea of dark business suits, as buttoned-down lawyers descend on Washington to hear Securities and Exchange Commission regulators describe their priorities.
ETFs cash in by copying hedge fund stock picks, but some see risks
NEW YORK (Reuters) - When big name U.S. hedge fund managers disclosed their fourth-quarter stock holdings last week, a couple of exchange-traded fund companies took particular note.
Merrill executive loses regional sales post in western U.S.
NEW YORK (Reuters) - Chandler Root, Merrill Lynch's market executive for the U.S. southwest region, is being transferred to a new post in an apparent demotion, according to people with knowledge of the situation.
Financial advice for the end of the world
NEW YORK (Reuters) - Investors have no shortage of things to fret about these days. An aggressive stock slump, emerging markets in turmoil, an agonizingly slow jobs recovery.
Fannie Mae profits push taxpayers into black on housing bailout
WASHINGTON (Reuters) - Fannie Mae said on Friday it would soon send the U.S. Treasury a dividend of $7.2 billion that will make taxpayers whole for the 2008 bailout of the mortgage-financing giant and its sibling company Freddie Mac.
SEC to press ahead with 'tick size' study, Chair White says
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission will press ahead with a test program that would allow the stocks of small-cap companies to trade in wider increments, SEC Chair Mary Jo White announced Friday.
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