Reuters Money: Ex-Evercore banker pleads guilty to insider trading charges

	Click to View in Browser 04/3/2014 Ex-Evercore banker pleads guilty to insider trading charges NEW YORK (Reuters) - A former investment banker at Evercore Group pleaded guilty on Wednesday to criminal charges that he engaged in insider trading and used proceeds to pay a one-time mistress to support their child. Near-bankrupt Chinese property firm offers lesson in lending risks FENGHUA, China (Reuters) - To understand why many of China's small property developers are struggling, look no further than Zhejiang Xingrun Real Estate. Brazil may end tightening after raising rates to two-year high BRASILIA (Reuters) - Brazil raised interest rates to a two-year high on Wednesday, but signaled that it is ready to halt its aggressive monetary tightening if a surge in inflation subsides in coming weeks. U.S. gives foreign banks more time on anti-tax dodge law WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday gave foreign financial institutions 10 extra days to register with the U.S. government, under a new law to combat offshore tax dodging by Americans that goes into effect on July 1. Ex-JPMorgan trader in 'Whale' scandal open to facing U.S. charges NEW YORK (Reuters) - A lawyer for a former JPMorgan Chase & Co trader accused of helping to hide trading losses tied to a $6.2 billion financial scandal said on Wednesday his client was open to leaving France to voluntarily face U.S. criminal charges. Break the money market buck (James Saft is a Reuters columnist. The opinions expressed are his own) U.S. judge grants class action status to Sprint investor lawsuit NEW YORK (Reuters) - A lawsuit that accuses Sprint Corp and a former chief executive of the wireless carrier of misleading investors about the financial impact of its 2005 Nextel acquisition will proceed as a class action, a Kansas federal judge has ruled. Ackman's fund up 10.7 percent in first quarter, others hurt by tech drop (Reuters) - Activist investor William Ackman, who has spent $1 billion betting that Herbalife is a fraud, delivered double digit returns to his investors during the first quarter even as many rival hedge funds posted only small gains or even losses. Europeans best at preserving wealth: study LONDON (Reuters) - Europeans have proved the best at preserving billion dollar fortunes through market peaks and troughs over the past 25 years, a study showed on Wednesday. U.S.-based stock funds attract $1.2 billion inflows: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds poured $1.2 billion into stock funds in the week ended March 26 on the potential for more monetary easing from China and the European Central Bank, data from the Investment Company Institute showed on Wednesday. Related Video S&P eeks out another record S&P hits new record Business News Jobless claims rise, trade deficit widens on weak exports Wall Street edges up, Dow and S&P at records 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