(Bloomberg) -- A Brazilian-American businessman became the second former Credit Suisse Group AG client to plead guilty within the last week to hiding millions o...
(Bloomberg) -- It sounds too radical to even warrant a second thought. That President Donald Trump could force some of the US’s foreign creditors to swap their Treasuries into ultra long-term bonds to ease the country’s debt burden.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry
The team, assisting the Finance Minister to frame Budget proposals for 2025-26, include Revenue Secretary Tuhin Kanta Pandey, Economic Affairs Secretary Ajay Seth, Expenditure Secretary Manoj Govil, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla, Financial Services Secretary M Nagaraju, and Chief Economic Advisor V Anantha Nageswaran.
Archegos Capital Management CFO Patrick Halligan was sentenced to eight years in prison for defrauding banks ahead of and during the 2021 collapse of Bill Hwang’s $36 billion family office.
Sixth Street agreed to buy as much as $4 billion of consumer installment loans from buy-now, pay-later lender Affirm Holdings Inc., marking the financial-technology…
Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted Wall Street. Hwang, 60, was sentenced Wednesday by US District Judge Alvin Hellerstein in…
(Bloomberg) -- Archegos Capital Management founder Bill Hwang should serve 21 years behind bars for fraud and market manipulation that led to his firm’s massive 2021 collapse, prosecutors recommended ahead of his sentencing next week.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion an
In the near future, Hong Kong and Singapore will overtake Switzerland as the world's largest wealth and asset management center.
The world of big money is about to change. Rich, super-rich and ultra-h
The global reverse factorings market is growing due to several factors such as increasing investments by micro, small medium manufacturing enterprises...
Jefferies Financial Group Inc. is winding down trading positions at its hedge fund 352 Capital, after the fund sued its former portfolio manager over an alleged fraud, according to people with knowledge of the matter.
Archegos Capital Management founder Bill Hwang was found guilty of criminal charges stemming from his firm’s 2021 collapse, concluding a two-month trial that captivated Wall Street.
By Bob Van Voris & Chris Dolmetsch For most of his trial, Archegos Capital Management founder Bill Hwang hasn’t looked like a man potentially facing decades in prison. Both inside and outside the courtroom, Hwang is often seen with a placid smile on his face. That smile faded last week…
Bill Hwang’s top trader at Archegos Capital Management gave damning testimony against the boss, telling a jury Hwang told him to do “the opposite” of what a “normal fund” would. William Tomita took the stand Monday for what’s expected to be several days of testimony as the prosecution’s star witnesses…