Point72 Judge Urged Not to Cloak Allegations of Gender Bias

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Steven Cohen’s Point7 2 Asset Management LP is trying to hide its misbehaviour from public scrutiny by attempting to patrol an associate director’s gender-bias prosecution into arbitration, the status of women litigating the firm said. Lauren Bonner sued Point7 2 earlier this month in federal courtroom in New York, claiming it discriminates against women and […]

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Bitcoin’s Brutal Week Is Even Worse in South Korea

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The extending selloff in cryptocurrencies has just claimed another martyr: Bitcoin’s kimchi premium. Prices for the virtual currency in South Korea have scrambled back in line with those on overseas exchanges for the first time in seven weeks, deleting a gap that had swelled to 51 percent in early January. The premium had been so […]

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BofAs Malik Exited After Complaint of Sexual Misconduct, Source Says

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Omeed Malik, a Bank of America Corp . prime brokerage executive who left the firm this month, started after the lender began investigating an accusation of inappropriate sexual deport, according to a person with knowledge of the situation. A woman in her 20 s complained in December that Malik had started unsolicited advanceds, said the […]

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The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

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On Nov. 12, person moved approximately 25,000 bitcoins, merit about $159 million at the time, to an online exchange. The report soon ruffled through online meetings, with bitcoin speculators debating about whether it meant the owner was about to sell the digital currency. Holders of large amounts of bitcoin are often known as whales. And […]

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Venezuela’s 30 Minutes of Debt Talks Leave Bondholders Guessing

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Venezuela’s much-vaunted restructuring meeting with bondholders concluded after about 30 instants with little penetration for investors who originated the trek to Caracas. Vice President Tareck El Aissami, the only government representative to pronounce, focussed the majority of members of his notes to railing against Donald Trump and world-wide magnates who he said have conspired to […]

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Venezuela Will Seek to Restructure Its Debt

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President Nicolas Maduro said Venezuela will seek to restructure its global pay after the state-owned oil busines originates one last-place fee, blaming U.S. fiscal sanctions for realizing it was not possible to to find new financing. The government will transfer funds for a $1.1 billion principal pay on Petroleos de Venezuela bails that came due […]

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Fidelity Holds Meeting on Zero-Tolerance Policies After Harassment Allegations

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The departure of another Fidelity Investments portfolio manager accused of bad workplace behaviour elicited situations of emergency staff gratify last week. Brian Hogan, head of the Boston-based firm’s equity group, held the discussion Oct. 16 with employees to stress the firm’s zero-tolerance policy for inappropriate workplace handle, including unprofessional behavior, according to a person very […]

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Trump’s New Obamacare Killer to Cost Uncle Sam $194 Billion

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President Donald Trump is halting some Obamacare aids. A big bucks saver for taxpayers, right? Wrong. The move could actually force the administration has dole out approximately $200 billion more on health insurance over the next decade. Here’s why: The insurer payouts Trump cut off aren’t the only authority monies financing the program. Consumers too […]

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