Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading caseNEW 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. Business HighlightsBank 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. |