Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud July 13, 2023 By Niket Nishant, Hannah Lang and Elizabeth Howcroft Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a...
Coinbase CEO Hits Back at SEC Chair After Lawsuit, Says User Funds Are Safe June 8, 2023 By Hannah Lang, Manya Saini and Niket Nishant Coinbase Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over...
Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction May 1, 2023 By Scott Murdoch, Niket Nishant and Chris Prentice Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to...
AIG Life/Retirement Unit Corebridge Valued at $13B September 20, 2022 By Niket Nishant Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on...
Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects August 22, 2022 By Niket Nishant and Simon Jessop Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for...
Insurers Among Investors as Canada’s Brookfield Raises $15B for Climate Fund June 24, 2022 By Niket Nishant and Cole Horton Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the...
Law Firms Battle Lawsuits Calling for SPAC Regulation August 30, 2021 By Niket Nishant The legal tussle around special purpose acquisition companies (SPACs) intensified on Friday as a group of U.S. law firms hit...
Ryan Specialty Rose 9% in NYSE Initial Offering, Valued at $6.5 Billion July 23, 2021 By Niket Nishant Shares of Ryan Specialty Group Holdings Inc rose 9% in their New York Stock Exchange Debut on Thursday, fetching a...
Vendor Data Breach Exposed Morgan Stanley’s Corporate Client Data July 9, 2021 By Niket Nishant Morgan Stanley has disclosed that personal data of some of its corporate clients was stolen in January in a data...
Buffett Says Non-Insurance Executive Abel Is His Likely Successor May 3, 2021 By Jonathan Stempel and Niket Nishant Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s...