LLOYD BLANKFEIN

The biggest Wall Street insider trading criminal case in a generation goes to trial on Wednesday, when prosecutors open their case against Galleon Group founder Raj Rajaratnam whose arrest 16 months ago shook the hedge fund world.

The biggest U.S. insider trading case in decades was expected to head into opening statements on Wednesday in a court showdown between prosecutors and lawyers for Galleon hedge fund founder Raj Rajaratnam.

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest U.S. insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.

Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest U.S. insider trading case in a generation, went to trial on Tuesday in a showdown with prosecutors that will feature wiretap evidence and the testimony of former friends and associates.

The criminal trial of Galleon hedge fund founder Raj Rajaratnam begins on Tuesday with jury selection in a case at the heart of the biggest insider trading investigation in a generation.

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.

International private equity firms may be tempted to Russia by two potential initiatives -- a fund and a committee to look at investment in the country, a source briefed on the situation said on Sunday.

Goldman Sachs Group Inc is being drawn into the criminal trial of one-time hedge fund billionaire Raj Rajaratnam, as prosecutors plan to show an insider-trading conspiracy involving a former director at the Wall Street bank.

Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.

Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.

Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.

International regulators have touted success at reining in bank bonuses, but creeping overall paychecks and an uneven global crackdown are threatening the reforms.

Since the financial crisis, laws have changed to better regulate financial institutions. However, they don’t go far enough and there are still unresolved issues, said Professor Joseph Stiglitz in an interview with IBTimes.

Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.

Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.

U.S. regulators on Monday made their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.

U.S. regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.

Public furor over bankers' pay seems to be abating in the United States but is still strong in Europe, which could give American banks an edge in recruiting staff around the world.

Bank of America Corp senior executives will not get cash bonuses for 2010 and Chief Executive Brian Moynihan will not receive a base salary increase in 2011, according to a securities filing on Monday.

Goldman Sachs Group tripled Chief Executive Lloyd Blankfein's base salary and awarded him $12.6 million of stock, even after the bank's net income plunged last year.