Reuters

(Reuters) - Ivan Boesky, the financier who was a central figure of the 1980s insider trading scandals, has died at the age of 87, the New York Times reported on Monday.

Boesky, who partly inspired the Gordon Gekko character in the 1987 movie "Wall Street," was at his peak considered a genius at risk arbitrage, the business of speculating in takeover stocks, and his wealth was estimated at $280 million.

But the U.S. Securities and... (continue reading...)

By Jonathan Stempel

NEW YORK (Reuters) - BlackRock was sued for $20 million by a whistleblowing former vice president who said the asset manager fired him after shutting down a search engine that could monitor client discussions about illegal investments, including in China.

In a complaint on Saturday, Hamdan Azhar said BlackRock ordered him in March 2022 to stop work on Trend Spotter, which he had developed, and transfer his projects to... (continue reading...)

By Howard Schneider

AMELIA ISLAND, Florida (Reuters) - The U.S. Federal Reserve is considering new rules to break the "stigma" around borrowing from the central bank's discount window to cover short-term cash needs, Fed vice chair for supervision Michael Barr said on Monday.

"We've made good progress over the last year," since the failure of Silicon Valley Bank exposed gaps in the Fed's main lender-of-last-resort program, Barr said at an... (continue reading...)

(Reuters) - The California Public Employees' Retirement System said on Monday it will vote against all 12 director nominees at Exxon, citing the company's lawsuit against activist investors.

The system known as CalPERS said in a letter to its members posted online that if successful, Exxon's legal action "could diminish the role—and the rights—of every investor in improving a company’s bottom line."

Exxon's shareholder meeting is... (continue reading...)

By Mike Collett-White and Dan Peleschuk

KYIV (Reuters) - Western allies are taking too long to make decisions on military support for Ukraine, President Volodymyr Zelenskiy told Reuters in an exclusive interview in Kyiv on Monday.

He described the delivery of military aid, in particular of air defences like the Patriot systems which Ukraine relies on heavily in its war with Russia, as "one big step forward, but before that, two steps... (continue reading...)