Bonuses Shrink at US Small Firms on Uncertain Outlook
It’s not just Wall Street bankers who are seeing their bonus slump.
Bloomberg Business
Elliott Snaps Up Risky 12% Dividend Debt in Latest Credit Move
Elliott Investment Management has scooped up several struggling buyout loans in the past few months, and now it’s also turning its eye to risky debt offerings that pay sponsors chunky payouts.
California Gets Break From Rain as Storm System Reloads
California is getting a few hours respite from the battering of rain, wind and heavy snow before another front arrives to usher in the weekend — and serve as a precursor to what may be an even worse storm rolling in Monday.
Crypto Panic at Silvergate Spawns a New Breed of Bank Run
(Bloomberg) — When US banks fell like dominoes during the Great Depression, the cause was often a classic run: Depositors withdrew cash en masse amid fears that lenders were amassing huge losses on bad loans and investments.
Dads of Congress Turn Capitol Into Day-Care Center During Vote Marathon
They brought their babies with them to a swearing-in ceremony that has yet to happen.
Silbert’s Long List of Crypto Woes Starts With Genesis Bankruptcy Angst
A brutal week for embattled crypto broker Genesis has fanned fresh concerns about the health of its parent, Barry Silbert’s Digital Currency Group conglomerate.
Citi Agrees Deal for New European Headquarters in Dublin
Citigroup Inc. has found a new home for its European headquarters in a new development in Dublin’s docklands, according to two people familiar with the matter.
Humira Competitors Have CVS Wrestling With Complex Calculations
CVS Health Corp., the largest prescription benefits provider in the US, is still deciding on its approach to covering one of the world’s best-selling drugs, Humira, as a competing version is set to hit the market at the end of this month.
Congress Fight Puts Spotlight on Timing for Potential US Default
Investors are intensifying their focus on just when the US government might run up against its statutory borrowing cap as the protracted fight over the House of Representatives speakership raises the risk that lawmakers will fail to agree on how to avoid breaching the ceiling this year.
AQR’s Longest-Running Fund Has a Record Year With 43.5% Gain
(Bloomberg) — AQR Capital Management’s longest-running strategy had its best year since its inception in 1998, posting a gain of 43.5% net of fees, as a range of its funds achieved record performance.
