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Credit Suisse has drawn up plans to split its investment bank into three and resurrect a “bad bank” holding pen for risky assets, as the Swiss lender attempts to emerge from three years of relentless scandals. Under proposals put forward to the group’s board, Credit Suisse hopes to sell profitable units such as its securitised
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An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A bombshell lawsuit against former President Donald Trump filed Wednesday contains a head-spinning amount of detail about real estate, loans and other financial arrangements
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The failed endeavor to build the Carolina Panthers football franchise a new headquarters in York County, South Carolina, has resulted in a thorny legal battle over who is to blame. Construction on the planned $800 million mixed-used facility in Rock Hill, meant to include state-of-the-art training facilities, office space, millions in utility investments, and green
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Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects. As a crypto-native trading firm, meaning digital assets
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Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that “falsehoods” and “fear of the unknown” is what has been holding back traditional portfolio managers from investing in cryptocurrency.  Speaking to Cointelegraph during the Australian Crypto Convention over the weekend, Coutts argues there has been an ongoing “falsehood” that “there is no intrinsic value in
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Municipals sold off across the yield curve amid elevated selling pressure as the first day of the Federal Open Market Committee meeting began Tuesday, with the one-year muni well above 2.5% and the 10-year surpassing 3%. U.S. Treasuries were weaker and equities ended down. Triple-A benchmark yields rose eight to 10 basis points, depending on
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Midwest voters will make a range of decisions in the November election from ballot measures that impact their schools’ fiscal fortunes to governor picks that will shape future decision making. The governor’s offices in Illinois, Iowa, Michigan, Minnesota, Nebraska, Ohio, South Dakota, and Wisconsin are on the Nov. 8 general election ballot. Incumbents in all
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Hedge funds are betting that a tumble in shares of UK asset management companies including Abrdn and Ashmore will accelerate as a brutal bear market dents their investment performance and ability to attract new business. Ken Griffin’s Citadel, Steve Cohen’s Point72 and Marshall Wace are among those running bets on lower share prices for listed
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The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation received. SEC’s Cease-and-Desist Order Against Unregistered Crypto Firm The U.S. Securities and
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