Markets

Meet The Hedge Fund God Who’s Up 34% YTD While Everyone Else Is Getting Smoked

[credit provider=”CNBC screenshot” url=”http://video.app.msn.com/watch/video/winning-hedge-fund-strategies/3xu0sb8j?cpkey=910ea2b2-da17-4dc7-9d10-93bde12d4428%7C%7C%7C%7C”] Bloomberg News Jody Shenn, Kelly Bit and Pierre Paulden report that former Lehman Brothers trader Deepak Narula’s hedge fund is absolutely killing it this year.  Narula’s $1.4 billion Metacapital Management, which specialises in mortgage backed securities, is up 34% YTD, according to the report.
Meet The Hedge Fund God Who’s Up 34% YTD While Everyone Else Is Getting Smoked
Markets

A Former Credit Suisse Managing Director Has Been Arrested In The U.K.

[credit provider=”Herve Boinay | Flickr” url=”http://www.flickr.com/photos/hboinay/3226407562/”] Credit Suisse’s former global head of structured credit trading Kareem Serageldin was arrested in the U.K. today, the Wall Street Journal’s Chad Bray reports citing a source familiar.According to the report, Serageldin’s arrest is related to allegations put forth in the U.S. back in February alleging […]
A Former Credit Suisse Managing Director Has Been Arrested In The U.K.
News

Wells Fargo Is Paying $175 Million In The Second-Largest Fair Lending Deal Ever

Wells Fargo will fork over $175 million to settle claims that it gave blacks and Hispanics risky subprime mortgages while steering whites to lower-interest loans.Under the settlement, Wells Fargo will compensate black and Hispanic borrowers who received subprime mortgages when white applicants with similar credit histories scored prime loans, the […]
Wells Fargo Is Paying $175 Million In The Second-Largest Fair Lending Deal Ever
Markets

Four Questions To Ask Before Paying Off A Mortgage

[credit provider=”Flickr / Mr. Wright” url=”http://www.flickr.com/photos/mattwright/5403755508/in/photostream/”] “Why don’t we just pay off the mortgage?”To many struggling homeowners, the notion of being able to pay off a home loan might seem hopelessly out of reach. But to those who have been paying on their mortgages for some time or have aggressively […]
Four Questions To Ask Before Paying Off A Mortgage
Markets

Citigroup Reportedly Paying $300 Million To Settle Suit Over Mortgage Bond Sale

[credit provider=”AP” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=vikram%20pandit&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1305726736&pagez=60&cfasstyle=AND&rids=5216bf7c0929403a859a3080c6fa6fee&dbm=PY2010&page=1&xslt=1&mediatype=Photo”] Citigroup has agreed to pay $300 million to the Securities and Exchange Commission today to settle charges involving a mortgage deal, Bloomberg reported. UPDATE: Citi agreed to pay a $285 million settlement.
Citigroup Reportedly Paying $300 Million To Settle Suit Over Mortgage Bond Sale