Regulators Raise the Alarm on a Potential Market Risk
Summary
Capvision Partners joined the Mintz Group and Bain & Company in having its employees questioned or detained, amid what Beijing says is an effort to stop the theft of sensitive corporate information. American regulators refused to approve Toronto-Dominion’s $13.4 billion takeover of First Horizon over worries about how the Canadian lender handled unusual banking transactions, according to The Wall Street Journal. Sam Bankman-Fried’s legal defense is starting to crystallize ahead of his trial in October on charges that he masterminded a multibillion-dollar fraud that blew up when FTX, his cryptocurrency exchange, collapsed last year. Salomon Smith Barney, for instance, paid $150 million in 1998 to settle a lawsuit claiming that it tolerated a hostile work environment that included derogatory language toward women and pay discrepancies. The stock market may have bounced back in 2023, but the outlook for bankers’ bonuses is looking weak, according to the latest data from Johnson Associates, a consulting firm for Wall Street compensation.