Falcone Faces SEC Court Showdown on Client Funds
June 27 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Deirdre Bolton reports that billionaire hedge-fund manager Philip Falcone now faces a showdown in court with the Securities and Exchange Commission. Falcone may be may be sued by the regulator as soon as this week over claims he improperly borrowed client money to pay his taxes, according to two people familiar with the matter. She speaks on Bloomberg Television's "In The Loop."
Most Recent Videos
HSBC Pencils in Fed Rate Hike for Middle of 2017
31:32 - Federal Reserve policy makers took a step toward raising interest rates later this year but stopped short of signaling that the move could come as soon as September. Federal Open Market Committee members upgraded their assessment of the economy in their monetary policy statement, released on Wednesday after their two-day meeting. HSBC Global Chief Economist Janet Henry discusses with Bloomberg's Mark Barton on "The Pulse."