Management

$3 billion Maplelane Capital - which was slammed by the GameStop frenzy in January - lost money in May

5 days ago   |   By Business Insider

Summary List Placement One of Reddit traders' hedge-fund targets - $3 billion Maplelane Capital - took a step back in May as it tries to dig out of its GameStop-caused hole.
The fund, run by former Galleon Group portfolio manager Leon Shaulov, lost 2.7% last month and is down roughly 39% for the year, sources tell Insider. The manager lost 45% in January thanks to a short position against GameStop, which had its stock inflated by legions of Reddit-connected retail traders who were targeting to short squeeze another hedge fund, Melvin Capital.
Maplelane, similar to Melvin, had begun to claw...
Read more ...

 

Bank of America nabs high-yield bond salesman and leveraged finance veteran from UBS

Bank of America nabs high-yield bond salesman and leveraged finance veteran from UBS

5 days ago   |   By Business Insider

Summary List Placement Bank of America has poached senior high-yield bond salesman Matt Quarello from UBS.
Quarello, who specializes in leveraged finance sales and structured credit trading, will join BofA after nearly 14 years with the Swiss investment bank, two sources familiar with the move told Insider.
He will join the US bank's cross-credit sales desk as a director, and will start the new gig in August, a person familiar with the matter said.
A spokesperson for UBS was not immediately available to comment on Quarello's departure.
The move is the latest in a flurry of activity across...
Read more ...

 

Citi Custom Cash Card review: Earn a $200 bonus and get 5% back in your top monthly spending category

Citi Custom Cash Card review: Earn a $200 bonus and get 5% back in your top monthly spending category

5 days ago   |   By Business Insider

Citi Custom Cash℠ CardSummary List Placement
Review: Is the Citi Custom Cash card the best credit card for you?
There are lots of excellent cash-back credit cards on the market, and they all earn rewards in slightly different ways. Some cards earn a flat rate of cash back on all purchases or extra rewards in fixed categories, and others have rotating bonus categories that change every quarter.
The new Citi Custom Cash℠ Card takes a different approach. Cardholders earn 5% cash back on up to $500 in purchases in the eligible category they spend the most in each billing cycle , and 1% on all...
Read more ...

 

Credit Suisse has lost at least 44 execs, bankers, and traders in recent months. Here's a running list of who left and where they're going

Credit Suisse has lost at least 44 execs, bankers, and traders in recent months. Here's a running list of who left and where they're going

5 days ago   |   By Business Insider

Summary List Placement Nearly 50 senior employees have parted ways with Credit Suisse during recent months, according to hiring announcements by other banks, a review of reported exits, and people familiar with the moves.
The Swiss bank has been embroiled in a string of problems over the last two years, starting with a 2019 spying scandal involving its then-chief operating officer keeping tabs on rival UBS, which was followed by the resignation of its CEO four months later. Credit Suisse has also taken hits when accounting scandals rocked then-clients Luckin Coffee and Wirecard, and when...
Read more ...

 


Search by Tags

   Management      Trader      Bloomberg      Sustainability      Fund      Traders      Investments      Invest      Volume      Investment      Moving      Credits      Security      Trading      Bank      Bonds      Business      Banks      Credit      Finance      Financing      Bond      Volumes      Sale      Rate      Service      Travel      Services      Travels      Market      Marketing  


Gold slides almost 3% after the Fed hints at faster rate hikes, sending...

Gold slides almost 3% after the Fed hints at faster rate hikes, sending investors hunting for yield

Summary List Placement Gold prices fell almost 3% on Thursday, marking their largest one-day slide since January, after the Federal Reserve indicated it may raise US interest... Read more ...

El Salvador asks World Bank for help implementing bitcoin - but quickly gets...

El Salvador asks World Bank for help implementing bitcoin - but quickly gets rejected over mining's climate impact

Summary List Placement El Salvador has asked the World Bank for help implementing bitcoin as legal tender, only to be swiftly rejected, with the international organization... Read more ...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Asian stocks follow Wall St lower on Fed hints at rate hikes

BEIJING - Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Read more ...

Bipartisan infrastructure group swells to 20 senators

Bipartisan infrastructure group swells to 20 senators

WASHINGTON - A bipartisan senators' group working on a $1 trillion infrastructure compromise doubled in size to 20 members Wednesday, a key threshold that gives momentum to... Read more ...

Millions fear eviction as US housing crisis worsens

Millions fear eviction as US housing crisis worsens

NEW YORK - More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation's... Read more ...

A Republican congressman refused to shake hands with a DC police officer...

A Republican congressman refused to shake hands with a DC police officer beaten by Trump loyalists on Jan. 6, according to 2 House members

Summary List Placement Rep. Andrew Clyde, a Georgia Republican who has downplayed the Jan. 6 Capitol riot, refused to shake hands with Michael Fanone, a Washington, DC... Read more ...

Stocks down, yields up as Fed discusses dialing back support

Stocks down, yields up as Fed discusses dialing back support

NEW YORK - U.S. stocks fell and bond yields climbed Wednesday after the Federal Reserve signaled it may start easing off the accelerator on its massive support for the economy... Read more ...

4 unhealthy aspects of the current US economy, according to Janet Yellen

4 unhealthy aspects of the current US economy, according to Janet Yellen

Summary List Placement The coronavirus pandemic has thrown into relief some of the hidden realities of the American economy, from low wages to income inequality. But in... Read more ...

CureVac's COVID-19 shot just failed in a large trial, a major setback for...

CureVac's COVID-19 shot just failed in a large trial, a major setback for the Gates-backed biotech

Summary List Placement A COVID-19 vaccine candidate developed by the German biotech CureVac failed in a critical late-stage study, the company said Wednesday. It's the first... Read more ...

The top creator economy hires and company launches of the week - from DBA...

The top creator economy hires and company launches of the week - from DBA talent signings to Sway's new venture

Summary List Placement TikTok creators Josh Richards and Griffin Johnson first rose to fame by posting fratty videos while living in Sway LA , a TikTok content house. But the... Read more ...