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US treasury chief warns EU on hedge fund rules

BRUSSELS - (AP) U.S. Treasury Chief Tim Geithner has warned Britain, France, Germany and Spain about possible new European Union rules that he fears could prevent American hedge funds from selling to European customers. In a letter to the four finance ministers, Geithner said he understood that a...

EU pushes past US, UK concerns on hedge fund rules

BRUSSELS - (AP) European Union governments overrode British objections and U.S. worries by agreeing Tuesday to tighten rules for freewheeling hedge funds, a move some fear will block American funds from the region and cause the lucrative industry to flee London's financial district. The decision...