Fed orders Commerzbank to fix money-laundering measures

Fed orders Commerzbank to fix money-laundering measures (via AFP)

The US Federal Reserve on Thursday ordered German bank Commerzbank to undergo an independent audit to strengthen its anti-money laundering measures. The independent evaluation should provide information to determine whether Commerzbank met US requirements…

Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More