Rabobank said under U.S. money laundering lens

Magnifying Glass

The U.S. is investigating whether the Netherlands’ Rabobank Groep ignored signs of money laundering by clients at branches of its California banking unit near the Mexican border, according to people with knowledge of the matter.

Ex-brokerage CEO sued over company credit card

Credit Card Chip Nimalan Tharmalingam

Sterne Agee, one of the fastest-growing brokerages in the South, sued its former chief executive officer over claims he took his corporate credit card on a decade-long spending spree for fishing boats, a yacht, a vacation condominium and ownership in a luxury ski chalet.

Big hedge fund pay increases

Hedge Fund

Bloomberg News reports that money managers at hedge-fund firms that oversee more than $4 billion earned about $2.4 million this year, an increase of almost 8 percent, according to an industry survey.