Banks Get Burned by Risky Debt, Imperiling Buyout Activity

Banks Get Burned by Risky Debt, Imperiling Buyout Activity

By Laura Cooper July 3, 2022 9:03 a.m. ET Listen to articles (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the outlook for deal activity. Bank of America Credit Suisse Group and Goldman Sachs Group Inc. are among the banks that could collectively … Read more

Celsius Customers Are Losing Hope for Their Locked-Up Crypto

Celsius Customers Are Losing Hope for Their Locked-Up Crypto

It has been three weeks since crypto lender Celsius Network LLC took the drastic step of halting customers’ withdrawals. Many people are starting to wonder if they will ever see their money again. Alla Driksne says she has six figures worth of bitcoin and ethereum—her life savings—tied up in a Celsius account. On June 12, … Read more

Stock Futures, Oil Drop After Rally

Stock Futures, Oil Drop After Rally

US stock futures fell, oil prices dropped and bond yields ticked lower after major indexes rallied to start the trading week, with recent volatility in markets showing few signs of abating. Futures for the S&P 500 declined 1.4% Wednesday. Contracts for the tech-focused Nasdaq-100 contracted 1.6% and futures for the Dow Jones Industrial Average receded … Read more