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| New York (News) |
Rajaratnam, Chiesi indicted in hedge fund probe
NEW YORK (Reuters) - A U.S. grand jury on Tuesday indicted Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi on charges of securities fraud and conspiracy in an insider trading case involving employees of some of America's best-known companies. Obama implores top bankers to increase lending
WASHINGTON - President Barack Obama implored top bankers Monday to help keep the fragile recovery from faltering by boosting lending to small businesses and getting behind an overhaul of financial regulation. "We rise and fall together," he declared. Citigroup to repay $20 billion in bailout money
NEW YORK - Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence over the banking giant. The government will also sell its stake in the company.
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