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 closings hit 100 for year; most since 1992 WASHINGTON (AP) — Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. |