It's Getting Harder to Tell Banks From Tech Companies

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It's Getting Harder to Tell Banks From Tech Companies

You know, someone invented the XIV ETN. And someone invented the VIX, and VIX futures. And when you read the technical specifications for all of those things, it is clear that they are not trivial feats of engineering. Teams of marketers and traders and quants and technologists and lawyers put many
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When Trump's SEC Punishes Wall Street, It's Often Done Quietly

Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York. Photographer: Michael Nagle/Bloomberg. Under President Donald Trump, a top financial regulator isn't embarrassing Wall Street as much as it used to. Take TPG Capital LP — the private-equity behemoth
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Austrian Bitcoin 'Scam' Triggers Police Search Across Europe

Austrian authorities are asking Interpol to help them track down suspects in an alleged Bitcoin scam that blew up last year and may have hit hundreds of investors in the country and abroad. The prosecutors' office in Vienna is consolidating “hundreds of complaints” about a scheme known as “Optioment”
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need2know: PNB fraud and other market-moving macro triggers to watch today

Here's a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds. PNB Names Nirav Modi, Gitanjai in Rs 11,400-cr Fraud The state-run Punjab National Bank faces a ₹11,300-crore liability after the …
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Robin McAlpine: When accountants start time traveling, it's time for a new system

YOU KNOW in every TV series you've ever seen about organised crime – from the Godfather to the Wire – there's always a lawyer, banker or accountant who enables the whole criminal operation but is clever enough to always be at arms length? Now, imagine that the same person, the same lawyer or
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