Hedge funds pose biggest risks in crises: Fed study

(Reuters) - Hedge funds, not banks, may be the most important transmitters of shocks during financial crises, according a study published Monday by the Federal Reserve Bank of San Francisco.

Bank of England launches inquiry into forex manipulation claims

The Bank of England has launched an internal inquiry into allegations that its officials endorsed sharing of information between traders in the foreign exchange market, the central bank's deputy governor told MPs.

U.S. Said to Probe Banks Over Sovereign Wealth Fund Deals

The U.S. Justice Department is investigating whether financial firms made improper payments to secure investments from sovereign wealth funds, according to two people familiar with the matter.

DOJ probes finance firms' dealings with Libya: WSJ

(Reuters) - The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, the Wall Street Journal reported, citing people familiar with the matter.

Hedge Funds Win Ruling in Argentina Bond Case

A dogged group of hedge funds secured a significant victory in a federal appeals court on Friday in a case that is likely to have far-reaching effects on international bond markets, parts of the banking system and the struggling nation of Argentina.

Is now a good time to invest in Europe? Some investors seem to think so

LONDON —About 60 billion euros ($76.5 billion) has been raised to buy so-called noncore loan assets currently held by European banks, according to the accounting firm PricewaterhouseCoopers.

What Jefferies Earnings Mean For The Rest Of Wall Street

The second half of 2011 was a challenging time for Wall Street’s major investment firms. Europe’s sovereign debt crisis had markets in turmoil and many clients were sitting on their hands rather than making bets that could turn bad in a hurry.