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“#Lawyers fight back following attack on SPACs” The nation’s top law firms are clapping back against an explosive lawsuit filed last week that argues so-called special-purpose acquisition companies, or SPACs, should be regulated as investment vehicles. In a letter released Friday, 49 of the most prestigious law firms in the US came to the defense…
“#Antivaxxers become social outcasts on Wall Street” As Wall Street scrambles to find safe ways to return its bankers to the office as the Delta variant surges, some financiers have found a scapegoat for the mess: the unvaccinated. “Most employees on Wall Street want vaccine mandates for anyone returning to the office,” Kathryn Wylde, president…
“#Growing political roadblock vs. big spender Joe Biden” As the debacle in Afghanistan consumes the Biden administration, Wall Street is keeping a closer eye on another debacle: that is, the president’s ambitions to turn the US into a European-style progressive paradise. It’s not that Biden and his acolytes in Congress and appointees to various regulatory…
“# Wells Fargo files for Bitcoin fund ” Wells Fargo – one of the oldest banks in the United States – has registered a new, pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC). Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D…
“# Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bond purchases ” Bitcoin (BTC) prices briefly fell below $44,000 on Aug. 19 as the United States Dollar strengthened after the Federal Reserve policy minutes revealed their intentions to limit their bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD…
“#Morgan Stanley to require proof of vaccination for returning employees” Morgan Stanley said it will require employees returning to the office to prove they are fully vaccinated against coronavirus by Oct. 1, sources told The Post. Previously, employees at the Wall Street giant had to attest that they received the vaccine but did not have…
“#Firm that commissioned ‘Fearless Girl’ statue is leaving NYC” The “Fearless Girl” outside the New York Stock Exchange is famous for holding her ground — but the financial firm that commissioned the plucky statue is packing up and leaving town. State Street, a Boston-based investing behemoth, has told its workers they won’t be returning to…
“#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren” If Gary Gensler sounds a lot like Elizabeth Warren, it’s not by accident but by design. He needs the powerful progressive senator in his corner to fulfill his ultimate, career-fulfilling goal, which, according to sources, is having his signature on the dollar bill as treasury secretary. Gensler…
“#Morgan Stanley interns favor flexibility as CEO blasts working from home” Morgan Stanley interns say they would like more work flexibility — even as their hard-charging CEO rails against the growing work-from-home movement. The bulk of the investment bank’s interns say they would like some work-from-home options when they enter the workforce full-time, according to…
“#Citigroup requiring COVID vaccines for returning staffers” Citigroup is requiring its employees to get vaccinated against the coronavirus before stepping foot inside any of its major offices. In a memo to its staff on Tuesday, the Big Apple bank run by CEO Jane Fraser told employees that they must be fully vaccinated before taking part…