Matt Levine’s Money Stuff: Due Diligence Can Be Risky
Also Andrew Left, sanctioned invoices, Bill Ackman and Rich Handler.
Also Andrew Left, sanctioned invoices, Bill Ackman and Rich Handler.
Bank of America Corp. will have to face a collective action over allegations that it misclassified employees to avoid paying them overtime and minimum wage.
The UK won’t pursue a plan to sell some of its £6 billion ($8 billion) stake in
His cowboy-and-superhero nonfungible tokens led Donald Trump down the digital-asset rabbit hole. He emerged as a crypto advocate, and now industry heavyweights are lining up to return him to the White House.
Davis Polk & Wardwell boosted its investment management practice with a hire from Simpson Thacher & Bartlett, the firm said Monday.
Russian billionaire
The Federal Reserve has rightly promised to follow the data. Yet financial markets are awaiting not one cut, but a “pivot” to a path of lower rates. This perception is unhelpful. It assigns the next move, however modest or tentative, too much importance, and it could tie the Fed’s hands should conditions change.
European banks are increasingly setting aside money to digest potential losses from climate change, responding to pressure from their top regulator.
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