Perry Capital is suing the U.S. Treasury.
The hedge fund says the Treasury violated the rules associated with its control of Fannie Mae and Freddie Mac in 2012, reports ft.com. This is because the Treasury requires Perry Capital to direct all profits back to the U.S. government as a dividend.
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
Higher borrowing costs could lead Federal Reserve to forgo another hike
Exports of gold and crude oil helped drive results
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Laurentian Bank has announced further executive shifts following its leadership change earlier this month
Ontario court allows U.S. shareholders to pursue both cases
Report finds the technology is being used to segment clients and generate insights