Michael Platt’s BlueCrest Capital Management lost about 7% this year amid market volatility sparked by the collapse of Silicon Valley Bank, according to a person familiar with the matter.
Michael Platt’s BlueCrest Capital Management lost about 7% this year amid market volatility sparked by the collapse of Silicon Valley Bank, according to a person familiar with the matter.
Technology stocks were the beneficiary of a tumultuous week for global markets as concern mounted that the turmoil rocking the banking sector will tip the global economy into recession.
Technology stocks were the beneficiary of a tumultuous week for global markets as concern mounted that the turmoil rocking the banking sector will tip the global economy into recession.
Two brutal weeks for banks have mostly scuttled hopes in markets that a US recession can be avoided. But a close read of the cross-asset landscape still finds investors unconvinced the stress portends a genuine financial crisis.
Two brutal weeks for banks have mostly scuttled hopes in markets that a US recession can be avoided. But a close read of the cross-asset landscape still finds investors unconvinced the stress portends a genuine financial crisis.
First Republic Bank shares tumbled again on Friday, closing out their worst week ever, as sentiment around the lender remained fragile even after a $30 billion cash injection from Wall Street’s biggest banks.
First Republic Bank shares tumbled again on Friday, closing out their worst week ever, as sentiment around the lender remained fragile even after a $30 billion cash injection from Wall Street’s biggest banks.
The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange.
The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange.
