The U.S. brokerage subsidiary of Credit Suisse Group AG has disclosed that former employees’ personal data was leaked last month and that it had filed a lawsuit over the matter, in the latest snafu for the Swiss banking giant. Credit Suisse Securities has sued ...Read More

A top regulator with the Securities and Exchange Commission warned about the jump in fundraising by blank-check companies known as SPACs as there are “some significant and yet undiscovered issues,” according to a report by The Wall Street Journal. The issues with SPACs are ...Read More

GameStop Corp, which has been part of a recent Reddit-driven trading frenzy, said on Thursday it intends to elect activist investor Ryan Cohen as chairman, putting him in the driver’s seat as he looks to transform the video game retailer. Since Chewy co-founder Cohen ...Read More

Sen. Sherrod Brown, chairman of the powerful Senate Banking Committee, is taking aim at three banking giants’ ties to Archegos Capital after the fund’s recent losses blitzed the market. In letters to leaders at Goldman Sachs, Nomura Holding America and Credit Suisse, the Ohio Democrat indicates he’s looking for details ...Read More

Avery is accused of fabricated licensing deals with Netflix, HBO, as well as other platforms, in order to secure funding for his film distribution company, 1inMM Capital LLC, according to the FBI. Actor Zachary J. Horwitz, best known under his stage name Zach Avery, ...Read More

Goldman Sachs CEO David Solomon said Tuesday his bank’s risk management systems performed well after the forced unwinding from a highly levered fund tanked several stocks in the U.S. and China and took a multibillion dollar bite out of other banks. Shares of Discovery and ViacomCBS fell dramatically in ...Read More

A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions ...Read More