The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
Tag: Divestments
Elon Musk just sold $3.6 billion more in Tesla stock as Twitter turmoil continues
Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the company’s stock, according to a filing with the Securities and Exchange Commission released late Wednesday. Musk Read more
Manchester United stock soars as owners explore possible sale
Manchester United’s MANU, +14.66% stock climbed 8.1% before the opening bell on Wednesday after the club’s owners confirmed they are exploring potential financial investment or an outright sale of the Read more
Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it Read more
FTX’s Sam Bankman-Fried net worth: Crypto mogul’s wealth to drop by $13 billion
Sam Bankman-Fried, crypto billionaire and chief executive at digital asset exchange FTX, could see his net worth shrink by more than $13.6 billion if Binance’s proposed acquisition of FTX is Read more
Volvo Car to sell 33% stake in Aurobay to Geely Holding
Volvo Car AB will sell its 33% stake in Aurobay to Geely Automobile Holdings Ltd. as part of the Swedish company’s move to become a fully electric-vehicle company in the Read more
Lumen stock falls after dividend is eliminated, but is there a silver lining?
Lumen Technologies Inc. shares were falling sharply in Thursday trading after the telecommunications company announced it was eliminating its dividend and selling another business, moves that have prompted tough questions Read more
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale Read more
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale Read more
Mobileye stock jumps 38% in return to Wall Street, even though ‘investors don’t want to talk about autonomous vehicles right now’
Mobileye Global Inc. received a warm welcome back to Wall Street on Wednesday, as the stock of the Intel Corp. autonomous-driving spinoff went up more than 30% in its first Read more