This is wild.

Scottie Scheffler was arrested pulling into the parking lot to play round 2.

Mhttps://nypost.com/2024/05/17/sports/scottie-scheffler-heading-back-to-pga-championship-for-second-round-after-arrest/

The Archegos trial continues.
Jefferies Financial Group managing director Jennifer Miranda testified yesterday.

'...Miranda said Archegos reassured her that it had ample liquidity. In a March 19, 2021, call with the family office’s risk head, Scott Becker, she said he told her

The new reality in China

'...Money was so plentiful that she didn’t have to think about it much. “The bank account was just a series of numbers,” Zhang says...'
....The days when some real estate companies doled out Mercedes-Benzes as yearend bonuses are a distant memory, but

HSBC's largest shareholder looking to cut its exposure even more.

'Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter.
One option an internal team at the Chinese insurance

'Yet, we have a sneaking suspicion that we are on the eve of a risk event in which the piper must be paid for all of the creative and aggressive economic stimulus that has occurred since the financial crisis.
Market manipulation and almost complete removal of the business cycle

Country Garden faces liquidation threat after missing $276 Million loan payment plus interest

'...If the judge decides against Country Garden, it would mark a dramatic downfall for what was once China’s largest developer by sales.

No other developer of its size has faced such

Leaking liquidity is causing problems for Barry Sternlicht's SREIT

'Barry Sternlicht’s SREIT has drawn more than $1.3 billion of its unsecured credit facility since the start of last year, according to the Financial Times, which looked at the property fund’s latest public

Look how quickly regulators in China work to stop market manipulation

'...The new rules, set to take effect Oct. 8, also list requirements on risk control and technology systems, and allow tighter scrutiny of high-frequency trading.
The final rules came shortly after a draft

This shows how hard big banks are fighting against more regulatory oversight... like increased capital reserves.

'...Jeff Riggs, a Montana businessman who owns a small data center, flew to Washington D.C. in November to meet with his U.S. Senator Steve Daines. 

The trip wasn't

Watch this twice. Convicted felon Bernie Madoff blaming his victims. Here's what Madoff told Sital S. Patel

'The majority of his investors were sophisticated investors, and they should've known better to invest in his fund.
If you recall, he was very secretive about his fund on Wall

'if he had any money, he wouldn't invest it in the market.
He doesn't think it's fair for the individual investor.
He thinks that big firms on Wall Street and hedge funds and financial firms have a much bigger advantage than individual investors.
He also called the federal

'And he also talked a lot about how the banks on Wall Street were complicit in his fraud.
He said they knew what was going on and he could've got caught any time.
He said if the regulators had done their job he would've been caught...'
- Sital S. Patel talking about her prison

If FDIC Chairman Martin Gruenberg is forced to resign it will be a huge win for those fighting a regulatory crackdown on the biggest banks.

The toxic workplace he created could be what blow up efforts to get more oversight of the biggest banks.

politico.com/newsletters/mo…

Soros Fund Sells Nearly 1.5 Million Shares of NYCB

'Soros Fund Management, the family office founded by billionaire trading legend George Soros, eliminated its stake in New York Community Bank in the first quarter, according to a regulatory filing on Wednesday.
Soros Fund

Citadel on track for record setting year

'Citadel Securities generated $2.3 billion of net trading revenue in the first three months of 2024, setting the market-making firm up for a potentially record year as it expands in new assets classes and geographies.
The trading haul is

In a transparent financial system here's how easy it is to determine how many counterfeit shares are in a stock

Think of the game 'Musical Chairs'

Stop the Music

EVERYONE needs a seat

NO Seat=COUNTERFEIT

-⁦HAM⁩

2nd prosecution witness in Archegos trial

32 year old Jesse Martz

'...“Gonna be a bloodbath,” Martz wrote in a March 25, 2021, chat message shared with fellow Archegos operations team members that was shown to the jury.....
...The documents Martz walked the jury through told

Viewers and many colleagues are happy to have them back.

⁦Martine Croxall⁩ ⁦Kasia Madera⁩ ⁦Karin Giannone⁩
⁦Annita McVeigh⁩

'Welcomed like heroes': BBC asks female newsreaders fighting tribunal back to work inews.co.uk/news/media/fem…

'How One of the World's Oldest Hedge Funds Went Bankrupt'

'..as George Weiss was bidding staff goodbye in-person, he described the firm as a family.
That’s not the way employees and creditors are likely to see things. While the firm’s rapid unwinding limited losses for fund

Margin calls started coming in to Archegos in late March 2021.

'..For Bryan Fairbanks, a risk manager at UBS Group AG, the conversation confirmed what he described to a New York courtroom on Tuesday as his “worst fear”: Hwang had bet his $36 billion fortune on a small group