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44 posts found
Markets
Glencore faces $1.4 billion lawsuit from distressed iron ore trader Radiant
Glencore is facing a $1.4 billion lawsuit from Radiant, a Singapore-based iron ore trader that has been battling a severe liquidity crisis....
Markets
Jane Street faces internal strain as size and risk appetite grow
Jane Street, one of the world’s most successful and secretive quantitative trading firms, is facing a reckoning. As the firm has grown...
Markets
Bitcoin Treasury Firms Lose $80 Billion as Model Unravels
Companies that adopted Bitcoin as a primary corporate treasury asset have seen their combined market value fall by roughly $80 billion as...
Markets
KKR Settles DoJ Lawsuit for Record $250 Million
KKR has agreed to pay $250 million to resolve a Department of Justice lawsuit, marking the largest penalty ever imposed for alleged...
Markets
PwC’s China Setback Tests the Big Four’s Liability Shield
A Hong Kong court has ruled that liquidators of the collapsed property developer Evergrande may pursue the global network of PricewaterhouseCoopers for...
Markets
Banks Seek To Offload Data Centre Loan Risk
Financing for data centre construction has surged to levels that worry bank risk managers, leading Wall Street to design structures that can...
Markets
Asset Manager Mergers Hit Record Highs as Scale Crunch Bites
The asset management industry is consolidating at a record pace, with deal volumes reaching $53.8 billion so far this year, the highest...
Markets
Mark Walter’s Empire Denies Fire Sale Amid Intensifying Scrutiny
The investment empire of Mark Walter, the billionaire who controls the Guggenheim Partners financial firm and owns stakes in the Los Angeles...
Markets
Brazilian Rare Earth Plant Tests West’s Supply Chain Ambitions
The small town of Minacu in Brazil’s Goias state, once a center for asbestos mining, is emerging as a strategic outpost in...