In what’s probably a sign of things going terribly wrong, two former billionaire crypto hedge-fund managers have disappeared, spurring a worldwide manhunt to find them as the broader industry freezes up. The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows ...Read More

It’s all about the messages. At the heart of the government’s metals rigging case against three former JPMorgan traders will be a slew of internal bank chat logs that the prosecution will use as evidence. According to Bloomberg, JPMorgan has been fighting to keep some internal ...Read More

Former Goldman Sachs (GS.N) banker Tim Leissner, the prosecution’s star witness in a criminal trial tied to Malaysia’s 1MDB sovereign wealth fund, admitted under cross-examination on Tuesday that he had “lied a lot” in his life. Leissner is testifying in the trial of Roger Ng, 49, ...Read More

Ares Management Corp. has dismissed Partner Michael R. McFerran, the Los Angeles firm’s chief operating officer and chief financial officer, citing the results of an outside investigation into allegations of “inappropriate” conduct involving fellow employees. The investigation determined that Mr. McFerran “engaged in inappropriate ...Read More