CHICAGO (Reuters) - Debates about improving America's infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors.
TORONTO (Reuters) - The Royal Canadian Mint has joined a blockchain platform run by Goldmoney Inc, the first time in the world that mint-vaulted bullion has been traded on such a private digital ledger, the Canadian fintech company said on Wednesday.
LONDON (Reuters) - A former fund manager at the London division of the asset manager BlackRock Inc on Wednesday was sentenced to 12 months in jail after pleading guilty to two counts of insider dealing.
BOSTON (Reuters) - Blackstone Group is winding down its "big bet" hedge fund Senfina Advisors LLC after it faced mounting double-digit losses on its investments this year, a spokeswoman confirmed on Tuesday.
WASHINGTON (Reuters) - Large U.S. banks raised their own risks by pushing down lending standards for a fourth consecutive year in 2016, one of the top federal banking regulators said on Tuesday.
NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value.
ZURICH (Reuters) - The Swiss Competition Commission (COMCO) fined several European and U.S. banks almost 100 million Swiss francs ($97.3 million) over interest rate cartels, the latest punishment dished out in connection with rate-rigging scandals.
BOSTON (Reuters) - Prominent technology investor Chris Connor is shutting down his hedge fund less than one year after launching it and will be joining Citadel, one of the industry's biggest players, two sources familiar with the move said on Tuesday.
(Reuters) - Legalizing recreational marijuana in California is creating a gold rush for a decidedly less intoxicating sector: warehouses in which to grow the plants.
BOSTON (Reuters) - Investment firm Citadel LLC said on Tuesday that its chief legal officer, Adam Cooper, plans to retire in 2017 and that Shawn Fagan has been promoted to general counsel for its hedge fund business.
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