Goldman, Morgan Stanley Sued Over Archegos-Tied Sales
The suit alleges two firms sold several large blocks of shares in companies in which Archegos held positions after learning company likely to fail.
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Wall Street Bosses See Windfall Lasting, Fueling Pay and Hiring
Fixed-income trading has cooled, customer interest in stock has propped up revenue on equities desks and supported a spree of corporate dealmaking.
Five Debt Managers Left AllianceBernstein Amid Restructuring
At least eight people left AllianceBernstein Holdings LP this week as part of a restructuring of the firm’s global debt team.
Robinhood Shares Clouded by Looming Stock Sale, Crypto Rules
“Robinhood is facing multiple headwinds and risks as we see it,” per tech analyst Neil Campling, adding recommending investors to sell the stock.
Cathie Wood’s ARK Departs NYC With Shift to Florida Office
ARK is closing its New York office permanently at the end of October and relocating its corporate headquarters to St. Petersburg, FL
Samsung Has Lost a Fifth of Value And No One Has a Sell Rating
Having lost more than 3% so far this month, the world’s largest memory chipmaker is now down 21% from a Jan. 11 peak.
Bank of America Raises U.S. Minimum Hourly Wage to $21
(Reuters) - Bank of America Corp said on Wednesday it had raised its U.S.
