hedge fund

Bankrupt Puerto Rico Voting on U.S. Statehood

The 3.4 million U.S. citizens on the Caribbean island of Puerto Ricans will vote today, for the fifth time, on a non-binding referendum to become independent or to apply to be America’s 51st state, despite already declaring bankruptcy last month.

Getty Images

Deutsche Bank May Be on Verge of Lehman Brothers Moment

Following the U.S. Justice Department’s demand for $14 billion to settle a mortgage-backed securities probe, several big hedge funds moved their derivative holdings from Deutsche Bank to other firms to avoid the risk of another Lehman Brothers-style liquidity squeeze.

Deutsche Bank (Hannelore Förster / Getty)