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Former Outcome Health Executives Found Guilty of Fraud
Business Health Care Health Verdict caps fall of startup’s executive team led by Rishi Shah, who could face years in prison Source link
Citi Long-Serving M&A Chief to Retire
One of Citigroup’s top dealmakers, Mark Shafir, is retiring from the investment bank. Source link
Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up
Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that
Stock Pickers Failed to Take Part in First-Quarter Rally
Bearish positioning and less exposure to the large technology stocks hurt active fund managers. Source link
Goldman Sachs Paying $15 Million to Settle Investigation of Swaps Business
Markets Finance Bank’s swaps dealer priced derivatives in terms that put clients at a disadvantage, CFTC says Source link
Tonal Founder Steps Down as CEO
The at-home fitness company completed its latest funding round at a fraction of its prior valuation. Source link
At FTX, Multimillion-Dollar Expenses Were Approved by Emoji
FTX’s failures are rooted in “hubris, incompetence, and greed,” the new management team said in a report outlining scathing details about the lack of financial
A Little-Known Stablecoin Gets Big Help From World’s Largest Crypto Exchange
Markets Currencies Cryptocurrency TrueUSD’s market value surged after Binance removed spot bitcoin trading fees for the token Source link
A New Roster of Top Stock-Fund Managers
Winners’ Circle: In a rough market, different names emerge among winning stock-pickers. But only 27 of 1,257 funds had 12-month gains. Source link
Private Equity’s Food Binge Goes Sour
Private-equity funds went on a buying binge for food companies before markets crashed in 2022. Now they have indigestion that is contributing to rising prices