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The Justice Department filed criminal charges against hedge-fund giant SAC Capital Thursday. - 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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Wall Street may have his biggest job cuts in its history - 0 views

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    Wall Street could suffer a labor unprecedented cut according to the well-known analyst Meredith Whitney, its report published in an American Rotary alert warns that there could be about 100,000 layoffs in the financial sector in the next 18 months.
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