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

Pete Davidson, Chris Redd and musical guest Jack Harlow delivered an Eminem-inspired rap about non-fungible tokens, or NFTs, on the latest episode of Saturday Night Live. Riffing on Eminem’s “Without Me” video — right down to the Robin costume — Davidson first questions U.S. Treasury Secretary Janet Yellin (Kate McKinnon) about the ...Read More

On Wednesday, short seller research site PlainSite posted a letter from the Securities and Exchange Commission on Twitter revealing that the agency is investigating SoftBank, the Japanese telecommunications company and investing giant notorious for financing various unprofitable “technology” companies like WeWork, Uber, Compass, and Oyo. Aaron Greenspan, founder of ...Read More

The founders of a now-bankrupt San Francisco startup that analyzed fecal samples to compare consumers’ gut microbiomes have been indicted on multiple federal charges, including conspiracy to commit securities fraud, health care fraud, and money laundering after allegedly bilking investors and health insurance providers, according to ...Read More

Gary Gensler, President Joe Biden’s pick to head the Securities and Exchange Commission (SEC), told Congress Tuesday that the “greater challenge” in bitcoin and cryptocurrencies is protecting investors. “Some markets have been really rife with fraud and scams,” Gensler told the Senate Banking Committee ...Read More

Warren Buffett’s right-hand man issued a warning to stock-market speculators, criticized the trading platforms enabling them, blasted SPACs, and downplayed the significance of bitcoin at the Daily Journal annual meeting on Wednesday. Charlie Munger, the vice-chairman of Buffett’s Berkshire Hathaway, is also the chairman of Daily Journal, a ...Read More