Swiss bank Credit Suisse first began investigating in December after Antonio Horta-Osorio broke quarantine rules.
After he graduates from UC Berkeley next year, Kevin Truong, 20, will take a full time position on Wall Street, which has long struggled to diversify its ranks.
Experts highlight the barriers that are being broken in the investing world for the LGBTQ+ community, and challenges that remain.
West Virginia Gov. Jim Justice guaranteed the loans from collapsed lender Greensill to his coal businesses, the WSJ reported.
Weber in an interview Wednesday blamed a lack of oversight of family offices, which don't have to disclose the same amount of information as hedge funds.
Credit Suisse investors exposed to funds invested in assets sourced by failed Greensill Capital may face an additional $190 million loss.
US stocks were mixed Thursday as the number of Americans filing for unemployment hit a pandemic-era low and global COVID-19 cases continued to rise.
The Swiss lender expects to incur related-losses of another $654 million in the second-quarter this year, and said it would raise about $2 billion.
Two Credit Suisse executives will leave after the Swiss lender took a massive loss tied to the collapse of Archegos Capital, the WSJ reported.
Investing $1,000 for a 20-year period at an expected 2% return rate will reap Gen Z $1,486 - less than what past generations made at a 5% return rate.
The lender isn't yet done unloading stocks linked to Archegos, even though it's already taken a $4.7 billion charge from the hedge fund's collapse.
Nomura is limiting margin financing exceptions for some of its hedge fund clients after taking a $2 billion hit from Bill Hwang's Archegos collapse.
Gen Z is set to earn a third less on stock and bond investments than millennials, Gen X, and boomers. They can expect average returns of just 2%.
Credit Suisse and Nomura Holdings are the most affected but the Archegos fiasco affects the industry overall.
Credit Suisse is tightening its financing terms given to hedge funds and family offices and changing its margin requirements to dynamic from fixed.
The head of the Senate banking committee is calling on lenders for answers about the blow-up of private investment firm Archegos Capital.
The volatility kicked off after Credit Suisse initiated a block trade worth $2.3 billion in an attempt to curtail further losses.
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