Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring trading turmoil in GameStop Corp and related stocks, said two sources familiar with the matter.
NYSE Threatens To Abandon New York If Trading Is Taxed
Is the New York Stock Exchange (NYSE) about to leave New York city?
The exchange s President Stacey Cunningham warned Tuesday that the unthinkable was possible, saying the hallowed financial institution on Wall Street could flee if the state imposes a tax on stock trades. While New York has remained a center of gravity for the financial industry, many employees of Wall Street firms are migrating to Florida, Texas and other states with hospitable tax policies, Cunningham wrote in a column published in The Wall Street Journal.
She praised a 1981 decision by New York state to stop collecting a tax on stock trades, but warned, If lawmakers opt to reinstate that tax, the NYSE may need to follow the lead of those relocating firms. Some of our customers are already asking about our willingness to relocate.
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PARIS and CAMBRIDGE, Mass., Feb. 10, 2021 (GLOBE NEWSWIRE) Biophytis (Euronext Growth Paris: ALBPS) ("Biophytis" or the "Company"), a clinical-stage biotechnology company focused on the development
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Ram Sundaram is leaving the bank after a 20-year career at Goldman Sachs.
He led a secretive trading unit that made some of the bank s most exotic, and profitable, trades.
Read the full memo announcing Sundaram s departure.
Ram Sundaram, the head of currencies and emerging-markets business at Goldman Sachs, is planning to exit the firm, according to a memo obtained by Business Insider.
Sundaram is a Goldman partner who was closely involved in the design and sale of the trades the bank did for the Malaysia development fund known as 1MDB. The bank reached a $3.9 billion settlement last year over its role in the trades. Sundaram has never been implicated in the scandal.