Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading case

NEW YORK — One of America’s wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street.

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Bank of America loses $2.24B as loan losses rise

CHARLOTTE, N.C. (AP) — Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.

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