Bank of America to Pay $10 Million for Illegal, Out-of-State Garnishments
Bank of America has agreed to pay a $10-million civil penalty for processing garnishments against customer bank accounts.
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Stock Market Rebound Not Far Off as ‘Fears Overblown,’ JPMorgan Strategists Say
The negativity in the U.S. stock market has become so overwhelming that a rebound may not be far off, JPMorgan Chase & Co.’s strategists say.
Five-Minute ‘Flash Crash’ in Nordic Equity Markets Jolts Europe
A sudden selloff in European stock markets just before 10 a.m. CET on Monday was fueled by a flash crash in the Nordic region.
Bill Hwang Made a Huge, Secret Bank Bet Before Archegos Collapse
Fed prosecutors said Hwang used Archegos as “instrument of market manipulation and fraud,” inflating its portfolio from $1.5 billion to $35 billion.
Michael Burry Takes a Dig at Elon Musk While Defending Short Sellers
(Bloomberg) - Michael Burry defended short sellers in a tweet that appeared to address Elon Musk’s delicate position of funding his buyout of Twitter Inc. using some of his Tesla Inc.
Big Oil’s Huge Russia Writedowns Eased by Cash From $100 Oil
Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the sting.
Elon Musk Says Bill Gates Is Shorting Tesla Stock—and He’s Not Happy
Musk is irked at Bill Gates. He doesn’t see how Gates, a leading proponent of sustainable energy, could possibly sell Tesla’s stock short.
