Compliance Into The Weeds - Credit Suisse and Holistic Risk Management
In a rare cyber win for the good guys (at least one that’s publicly acknowledged), the DOJ revealed on Monday that it “had seized much of the ransom that a major U.S. pipeline operator had paid last month to a Russian hacking...more
Lyft is letting go of its self-driving car unit, Level 5—reaching a deal with Toyota’s Woven Planet subsidiary for $200M, with an additional $350M in payments over the next 5 years. Lyft revealed that “unloading Level 5 would...more
Bitcoin’s back (and no, it never really left), thanks to a rally this morning that pushed its value up as much as 10% at one point in early trading today. Elon Musk’s weekend tweeting and news that presumptive top NFL draft...more
Mere days after Chinese regulators hit Jack Ma’s Alibaba with a staggering $2.8 billion antitrust fine, the e-commerce giant’s sister company, Ant Group, announced “that it would undertake a sweeping, government-ordered...more
A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more
Bumble hit markets on Thursday with considerable buzz, and markets validated that love, with company shares opening a mind-boggling $33 above its already-increased offering price. ...more
Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had...more
In case you haven’t had your eye on matters of global intrigue of late, figured we’d get you a bit caught up so that you know why your gas prices are heading north in the next couple of weeks....more
Facebook CEO Mark Zuckerberg finally issued a statement yesterday addressing the unauthorized data use scandal involving Cambridge Analytica that’s cost his company share price almost 10% since the story broke....more
A federal judge in Idaho has dismissed a $24 billion lawsuit against Credit Suisse alleging that the bank and real estate adviser Cushman & Wakefield ran a “predatory loan-to-own scheme that . . . loaded four luxury ski and...more