Misery Widespread at Hedge Funds
This month’s turmoil in financial markets has been a “bloodbath” for hedge funds, inflicting large losses at an array of multibillion-dollar firms in the industry’s worst stretch since late 2011.
Sears Seeks New Cash Via Two Paths
Sears is again turning to billionaire CEO Edward Lampert for funds, as the struggling retailer shores up its balance sheet ahead of the holiday season and seeks to reassure vendors worried about its health.
Fed to Banks: Shape Up or Risk Breakup
Federal Reserve officials told bank executives they must do more to curb excessive risk-taking and improve behavior at their firms or face stiff repercussions, including being broken into smaller pieces.