If it wasn’t for the PSKY kid . . .

People & Markets Nonbank trading firms expand further into exotic equity derivatives

Under the plan, David Solomon, who has led the bank since 2018, would step down as soon as next year and be executive chair.

Also Nvidia’s buyback, Automattic intrigue and agentic sports betting.

YouTube video by Morgan Stanley

An attempt to use digital currencies for a bold oil trade became one of Poland’s biggest scandals

People & Markets Banks follow trading firms in integrating risk books

People & Markets Banks follow trading firms in integrating risk books

People & Markets Hedge fund influx strengthens banks' prime and financing activities in the region

The secretive firm may need to change its ways, as its size and risk appetite increase

Leopold Aschenbrenner’s AI-focused hedge fund nearly collapsed in July before striking a deal with Citadel

YouTube video by Goldman Sachs

Deutsche Bank AG is making a major push to rebuild its energy trading business more than a decade after it largely exited the commodities sector.

Hamza Lemssouguer’s Arini Capital Management lost roughly 8% in July on soured credit bets, according to people familiar with the matter.

Wall Street investors say move to buy more long-term US debt is a ‘band-aid on a bullet hole’

Tumultuous session puts further pressure on momentum trades that have been unsettled since AI-related stock sell-off

Former Treasury official on what Scott Bessent is up to

People & Markets We go again: hefty March losses won't alter high-risk approach

People & Markets We go again: hefty March losses won't alter high-risk approach

From whispers of an Anthropic stake sale to strange options moves, traders sensed trouble and swung into action.

People & Markets It's not market-making that makes most money for trading firms like Jane Street; it's prop