Jefferies Taps 20 Credit Suisse Bankers for Private Capital Unit
Jefferies Financial Group Inc. tapped twenty bankers from the Credit Suisse Private Fund Group as it seeks to bolster its own advisory business.
Bloomberg Business
Yellow’s Last-Gasp Loan From Apollo Carries a 17% Interest Rate
Yellow Corp.’s last-gasp loan from creditors led by Apollo Global Management Inc. buys the company time to sell off its rigs and terminals — but the $142.5 million won’t come cheap for the failed trucker.
Lab-Grown Meat Startup Raises Funds for Speedy Pork Sausages
A decade on from the world’s first cultivated beef burger, a Dutch startup is luring a dwindling pool of investor funds with stem-cell technology that can rapidly grow slaughter-free sausages.
Rakuten Bank Sees Edge Over Rivals Once BOJ Ends Negative Interest Rates
Japanese online lender Rakuten Bank Ltd. says it’s better positioned than rivals to enjoy a profit boost when the Bank of Japan eventually ends its negative interest-rate policy.
Silbert’s Crypto Empire DCG Faces NY Attorney General Probe Over Genesis Ties
Barry Silbert’s crypto empire, Digital Currency Group, is facing another probe into its financial dealings with subsidiary Genesis Global Capital — this time by New York state’s top law enforcement officer, according to two people familiar with the investigation.
Damage from Record Slovenia Floods to Hit Billions of Euros
Slovenia is beginning to assess the human and economic toll from flooding that’s inundated parts of the country as the Alpine nation of 2.1 million took the brunt of record rainfall in central Europe.
Tesla Replaces CFO as Kirkhorn Ends 13 Years at the EV Maker
Tesla Inc. Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric-vehicle maker, a surprise shakeup that raises new questions about succession in the top ranks of Elon Musk’s company.
OTC Global CEO Javier Loya Charged With Rape, Sexual Abuse
The head of commodities brokerage OTC Global Holdings LP faces rape and sexual abuse charges in the latest scandal to embroil the Houston-based firm.
Paramount Sales Beat Forecasts Thanks to Streaming TV Growth
Paramount Global reported second-quarter sales that beat analysts’ projections, thanks in part to a 40% jump in its streaming-TV business.
Eastern US Prepares for a ‘Potent’ Storm System: Weather Watch
Severe winds, hail and flooding in the eastern US are on Bloomberg Green’s radar today.
