For the first day since Silicon Valley Bank’s unwinding, there were no widespread reports of customers being denied the chance to withdraw money from ATMs and bank branches. It appeared […]
Griffin, Kenneth C
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Back to news homeWhat Layoffs? Top Wall Street Traders Score Giant Paydays
Mr. Ericsson left Citadel in June, but he won’t start at Millennium until September. Firms like Millennium, which manages about $50 billion, are offering such enormous pay packages that traders […]
Citadel to Redeem $500 Million From Melvin Capital
The hedge fund Citadel pumped billions of dollars into Melvin Capital after that fund’s bet against GameStop went bad, leading to huge losses. Now, Citadel is taking some of its […]
A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington
The GameStop saga was a David-versus-Goliath story pitting small traders against big hedge funds and a cautionary tale about what happens when fast-moving Silicon Valley collides with the heavily regulated […]