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"We allege that, for years, Joe Lewis abused his access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots, and his friends,"

Source: https://twitter.com/SDNYnews/status/1683958068395102208 "orchestrating a brazen insider trader scheme" "has been indicted and will face justice" https://en.wikipedia.org/wiki/Joe_Lewis_(British_businessman) TLDRS: * Mr Williams, the chief law officer for the SDNY, alleges that Mr Lewis's acquaintances

'Citadel Securities Is Muscling Its Way Into Credit Trading'

'Citadel Securities Is Muscling Its Way Into Credit Trading'

https://dnyuz.com/2023/07/25/citadel-securities-is-muscling-its-way-into-credit-trading/ Highlights: * Citadel Securities is entering the corporate debt world, competing with Wall Street banks. * The firm recently began offering investment-grade trading and will soon introduce high-yield bond trading. * Already handling over one-third of all US retail stock trades via online platforms like Robinhood,

Confirming the Trust me bro™ from earlier: Chase Bank’s systems are indeed confirmed DOWN!

Trust me bro™ from earlier: https://www.reddit.com/r/Superstonk/comments/159o975/chase_banks_systems_are_down_trust_me_bro/ Source:https://www.marketwatch.com/story/chase-bank-outage-leads-to-interruptions-for-zelle-payment-network-e95b2739 An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to

SEC Chair Gary Gensler in speech: "Hearing from you, the investing public, truly helps us. You better believe we’re hearing from the large broker-dealers and the large trade associations. It’s good also to hear directly from investors."

https://www.sec.gov/news/speech/gensler-remarks-roundtable-072523 Highlights: * "We have a three-part mission, focused ultimately on making sure that the markets—broker-dealers, the investment advisers, so-called intermediaries in the middle of the market—they serve investors like you and issuers raising money in the markets. It’s not the

SEC Names Natasha Vij Greiner and Keith E. Cassidy Interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave.

Source: https://www.sec.gov/news/press-release/2023-137 The Securities and Exchange Commission today announced that Natasha Vij Greiner and Keith E. Cassidy have been named interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave from the agency. “My

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse'

OPEN meeting 1:00 p.m. on Thursday, July 27, 2023 to discuss proposed rules to implement the Basel III endgame agreement for large banks and adjustments to the surcharge for U.S. global systemically important banks.

Source: https://public-inspection.federalregister.gov/2023-15657.pdf FDIC Chair Martin Gruenberg spoke about this the other day: https://www.fdic.gov/news/speeches/2023/spjun2223.html Wut mean?: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through