The following video is from Tuesday's MarketFoolery, in which host Chris Hill and Motley Fool analysts Tim Hanson and Matt Koppenheffer take a Foolish stroll through the biggest business and investing stories of the day.
Hedge fund giant SAC Capital will pay a fine of $1.8 billion as part of a deal requiring the company to plead guilty to criminal fraud charges. The fine will be the largest ever for insider trading. In today's lead story on MarketFoolery, Tim and Matt discuss the hedge fund's manager Steve Cohen's future as well as the future of SAC and how this may impact some of the big banking institutions that do business with SAC such as Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), and JPMorgan Chase (NYSE:JPM).
Chris Hill has no position in any stocks mentioned. Matt Koppenheffer owns shares of Goldman Sachs, Citigroup, and JPMorgan Chase. Tim Hanson has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and owns shares of Citigroup and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.