SPAC Fire Sales Stick Investors With Deeply Discounted Buyouts
Investors who piled into SPACs at the height of the industry’s mania with dreams of triple-digit returns are facing a harsh reality.
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SEC Weighs Sending Retail Stock Orders to Auctions for Execution
SEC is weighing changes to stock-market rules that could force trading firms to directly compete to execute trades from retail investors.
Elliott Sues the LME For $456 Million Over Nickel Chaos
The move by the activist investor ratchets up pressure against the LME, which has been widely criticized for its handling of the crisis in nickel.
Banks and Tech Giants Are Losing Skilled Staff to Flexible Fintechs
Bankers, engineers, data scientists and sales staff from Wall Street, the City of London and Silicon Valley are among those joining an exodus.
Citigroup’s Fat-Finger Trade Seen Costing Bank More Than $50 Million
Citigroup Inc. may record losses of at least $50 million following a London staffer’s fat-finger trade.
Deutsche Bank Replaces DWS’s Woehrmann After Greenwash Raid
Deutsche Bank AG’s embattled DWS Group Chief Executive Officer Asoka Woehrmann resigned hours after a police raid.
Chinese Traders Find Aluminum Stocks They Financed May Not Exist
Several Chinese traders are complaining that they were duped into providing loans against artificially inflated aluminum stockpiles.
