Finance

1:28am

Tue June 4, 2013
Author Interviews

Book Explores Downfall Of An Indian-American Business Icon

Originally published on Tue June 4, 2013 6:10 am

Rajat Gupta, former Goldman Sachs director and former senior partner at McKinsey & Co., was sentenced to two years in prison for leaking inside information to hedge fund manager Raj Rajaratnam.
Spencer Platt Getty Images

Rajat Gupta was one of the wealthiest and most successful men in America and an icon of the Indian-American community. Today, he faces two years in prison for insider trading, convicted of passing corporate secrets to his billionaire friend and Galleon Group founder Raj Rajaratnam.

Gupta was already a wealthy man; what was the motive for his crime? In The Billionaire's Apprentice:The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund, journalist Anita Raghavan tries to answer that question.

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2:14pm

Mon June 3, 2013
Business

Investigation Continues At Troubled Hedge Fund

Originally published on Mon June 3, 2013 4:53 pm

Transcript

AUDIE CORNISH, HOST:

The federal probe of a hugely successful hedge fund may have investors ready to pull out much of their money. SAC Capital is under investigation for insider trading. Several published reports indicate outside investors are worried about that investigation and whether it will touch Steven Cohen, the firm's founder.

NPR's Jim Zarroli reports.

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11:16am

Thu May 30, 2013

1:18pm

Wed May 29, 2013
Planet Money

Does Microcredit Deliver On Its Promises?

Originally published on Wed May 29, 2013 2:55 pm

An official from a microfinance company talks with a borrower in Vadod, India.
Sam Panthaky Getty Images

The idea behind microcredit is that if you give poor people in developing countries access to credit, the ability to borrow, they will use that money to start or expand businesses which will eventually help them pull themselves out of poverty. But ever since these programs boomed in the early 2000's, questions have been raised about how effective they are.

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8:57am

Mon May 20, 2013
Planet Money

Ask A Banker: Capital, Capital!

Originally published on Tue May 21, 2013 11:09 am

Paul Goyette Flickr

Hi, it's Ask a Banker! You should send us questions on email or Twitter, but this particular question, though timely, was made up by me, sorry:

Q. Should banks be required to hold much more capital as a safety net? Or should they be putting that money to productive use by lending it out instead?

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