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May 13 (Bloomberg) — Dexia SA , the worlds largest lender to local governments, said first-quarter profit fell 13 percent, a smaller decline than analysts estimated, hurt by investment losses and markdowns.
Madoff trustee sues another investment fund (Miami Herald)
The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on Tuesday, claiming it owes Madoff’s victims more than $1 billion it withdrew from his firm.
Investment Officer at Stanford Group Is Indicted (New York Times)
A federal grand jury in Houston has indicted the chief investment officer for the companies owned by the Texas financier Robert Allen Stanford, accusing her of obstructing the governments investigation in a fraud case.
