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Bank of Cyprus concludes recapitalization and recovers autonomy and the sale of tablets... - 0 views

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    The Bank of Cyprus completed the process of recapitalization making 47.5% of deposits uninsured shares today. Thus, the largest lender of the country's economy fulfilled the conditions required him to leave the external control for which it was submitted. This was reported in the joint statement of the Central Bank of Cyprus and the country's finance ministry.
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The Justice Department filed criminal charges against hedge-fund giant SAC Capital Thur... - 0 views

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    The indictment follows a multi-year investigation, which concluded that the firm engaged in "pervasive" and "substantial" insider trading, led to the arrest of several employees, and forced the investment firm to pay more than $600 million in a civil settlement. Interestingly, the indictment does not include SAC's prominent founder and chief, Steven Cohen. But, if SAC was truly committed to insider trading, is it plausible that Cohen did not know about it?
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