Saudi National Bank chair resigns after Credit Suisse meltdown
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Saudi National Bank chair resigns after Credit Suisse meltdown

The boss of the Saudi National Bank abruptly resigned from his post Monday, just days after his critical comments about Credit Suisse sparked an industrywide panic that resulted in a forced rescue of the troubled lender by rival UBS. Saudi National Bank Chairman Ammar Al Khudairy is stepping down “due…

Short seller Hindenburg accuses Jack Dorsey’s Block of ‘facilitating fraud’
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Short seller Hindenburg accuses Jack Dorsey’s Block of ‘facilitating fraud’

Hindenburg Research, the short-seller whose damning report on Indian billionaire Gautam Adani triggered a $150 billion loss from the mogul’s net worth, is now accusing Jack Dorsey’s mobile payment firm Block of “facilitating fraud against consumers and the government.” Hindenburg on Thursday alleged that Block overstated its user numbers and…

PR firm Joele Frank scoops up space at 22 Vanderbilt, aka 335 Madison
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PR firm Joele Frank scoops up space at 22 Vanderbilt, aka 335 Madison

The rarest sighting in this bleak office-leasing season is a deal for more space than a large area rug would cover. But here’s a substantial one: public relations firm Joele Frank is taking 78,353 square feet at Milstein’s 22 Vanderbilt, aka 335 Madison Ave. Joele Frank, which specializes in strategic corporate…

Credit Suisse given $54 billion lifeline to prevent global bank crisis
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Credit Suisse given $54 billion lifeline to prevent global bank crisis

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis. The Swiss bank’s announcement helped stem heavy selling in financial markets in Asian morning trade on…

Elon Musk apologizes after mocking Haraldur Thorleifsson
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Elon Musk apologizes after mocking Haraldur Thorleifsson

Elon Musk is sorry. The billionaire mogul apologized for mocking a fired Twitter employee who suffers from muscular dystrophy and uses a wheelchair. Musk had accused Haraldur Thorleifsson of using his disability as an “excuse” to do “no actual work” after the Iceland-based software engineer complained that he had not…

A bull market is in full swing – and most of us are in denial
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A bull market is in full swing – and most of us are in denial

Sucker’s rally! Four months since the stock market began its recovery from last year’s carnage, skeptics are still piling on. Doubters of bull markets ceaselessly hunt bogeymen. There are the old standbys: the Fed and its rate hikes, inflation and recession. There are some newfangled distractions, too: Chinese spy balloons,…

JPMorgan Chase ‘requires workers give 6 months notice’
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JPMorgan Chase ‘requires workers give 6 months notice’

A veteran JPMorgan Chase banker fumed over the financial giant’s policy requiring staffers to give six months notice before being allowed to leave for another job. The Wall Street worker, who claims to earn around $400,000 annually in total compensation after accumulating 15 years of experience, griped that the lengthy…