Latest News in Stock Market and Investments – Dec 15, 2008

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Wall Street Opens Mixed On Auto Rescue Hopes – CBS 2 Chicago

15 Dec 2008 at 7:39am
NEW YORK (AP) ? Wall Street is opening mixed, with investors relieved about possible White House aid to the beleaguered auto industry but nervous about the growing list of firms affected by investment manager Bernard Madoff. President George W …

The $50bn scam: How Bernard Madoff allegedly cheated investors – Times Online

15 Dec 2008 at 9:55am
On Thursday, Bernard Madoff, millionaire businessman, Wall Street legend and respected philanthropist, was arrested for what the Securities and Exchange Commission (SEC), the US regulator, called ?a massive fraud ? both in terms of scope and …

Alleged Madoff Ponzi scheme has worldwide exposure – News1130.com

15 Dec 2008 at 8:58am
NEW YORK – The list of investors who say they were duped in one of Wall Street’s biggest Ponzi schemes is growing, snaring some of the world’s biggest banking institutions and hedge funds, the super rich and the famous, pensioners and charities. The …

European markets up modestly ahead of US open – Washington Post

15 Dec 2008 at 8:22am
Men stroll by a securities firm in Tokyo, Japan, Monday, Dec. 15, 2008. Japan’s benchmark Nikkei 225 stock average rose more than 400 points in morning trading from Friday’s close at 8,235.87 (AP Photo/Junji Kurokawa) (Junji Kurokawa – AP) A currency …

Wall Street heads for modestly higher open as US automakers await … – Alle…

15 Dec 2008 at 5:02am
NEW YORK (AP) ? Wall Street headed for a modestly higher open Monday, kept afloat by the hope that the White House will give U.S. automakers short-term assistance to keep them from failing. After last week’s rejection by the Senate of a $14 billion …

Banks reveal exposure to ‘investment fraud’ – radionz

15 Dec 2008 at 9:55am
Banks and investment funds across the world have revealed they have invested billions of dollars in the companies of Bernard Madoff, accused by US authorities of masterminding a massive fraud. Britain’s HSBC Holdings Plc was the latest bank to join …

Stock market falls early – Tulsa World

15 Dec 2008 at 9:41am
Wall Street fell moderately Monday morning as investors? anxieties turned from the beleaguered auto industry to the growing list of firms affected by investment manager Bernard Madoff. Stocks had traded mixed early on as investors were relieved to …

European, US stocks fall amid alleged Madoff fraud – CNN Money

15 Dec 2008 at 10:10am
NEW YORK (Associated Press) – European and U.S. stock markets fell modestly on Monday despite earlier Asian gains, as sentiment was dented by an alleged $50 billion fraudulent investment scheme in the U.S. The FTSE 100 index of leading British shares …

British taxpayers could foot the bill as banks lose £1bn in Wall … – Daily…

15 Dec 2008 at 8:58am
The Royal Bank of Scotland announced it could lose millions as a result of the alleged fraud by Wall Street investment manager Bernard Madoff – with the taxpayer footing nearly half the bill. RBS said £400million was at risk in hedge funds invested …

HSBC says Madoff potential exposure $1 billion – Reuters UK

15 Dec 2008 at 10:10am
LONDON/TOKYO (Reuters) – Banks and investment funds across the world lined up on Monday to admit investing billions of dollars in the companies of Bernard Madoff, whom U.S. authorities accused of masterminding a massive fraud. HSBC Holdings was the …

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December 15 2008 10:19 am | Stock Market News

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