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Fund Manager Bill Hwang’s Archegos Was a ‘House of Cards,’ Prosecutor Tells Jury
The Wall Street Journal· 22 hours agoAs a result, regulators stepped up their oversight of how banks manage risks with their fund...
Finma Chief Pushes Full Capital Backing of UBS’s Foreign Units
Bloomberg· 11 hours agoThe new chief executive of the Swiss banking watchdog Finma said UBS Group AG should provide 100% capital backing to its foreign units, a move that aligns with the government’s plans to significantly increase the bank’s capital requirements.
Michigan Judge Downplays Court Role in Credit Suisse Tax Dispute
Bloomberg Law· 6 days agoat oral argument Wednesday why its dispute with the state over the tax treatment of mortgage-backed securities wasn’t handled out of court. The wealth management firm wants the court to adopt ...
Bill Hwang Defense Faces Tough Odds as Archegos Trial Begins
Bloomberg via Yahoo Finance· 4 days ago(Bloomberg) -- Archegos Capital Management founder Bill Hwang will defend himself against fraud and...
Credit Suisse Whistleblower Urges Panel to Provide Day in Court
Bloomberg Law· 6 days agoalleging the concealment of information that deprived the US government of over $1 billion in a 2014 plea agreement. The Justice Department—which said the False Claims Act suit interfered with ...
Archegos’ Bill Hwang lied to become Wall Street legend, causing $36B fund to collapse: prosecutors
New York Post· 24 hours agoThat, in turn, led some banks to dump the stocks backing his swaps, causing billions in combined...
ESG Oversight Committee keeps 2 more financial service providers on list of those that discriminate...
Arkansas Democrat-Gazette· 20 hours agoArkansas' ESG Oversight Committee voted Monday to keep the financial service providers TD Bank Group...
Trial About to Begin for Billionaire Trader Accused of ‘Pump and Brag Scheme’
New York Times· 6 days agoThe hedge fund is accused of borrowing money from banks to buy stocks. Three years ago, a...
Bill Hwang Defense Faces Tough Odds as Archegos Trial Begins
Bloomberg Law· 4 days agoArchegos Capital Management founder Bill Hwang will defend himself against fraud and market manipulation charges by making a time-honored Wall Street argument: he’s not responsible for the other side’s losses.
BlackRock expands climate infrastructure team in New Zealand
Private Banker International via Yahoo Finance· 1 day agoPrior to this, Thomson held roles at Global Infrastructure Partners in Sydney and London and worked...
