Goldman Sachs Draws Scrutiny Over Money Earned on Silicon Valley Bank Deal
Goldman bought a bond portfolio on which the bank had booked a $1.8 billion loss, while also trying to raise capital for the bank in its last days.
Source: nytimes.com
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Is It Fraud, or Is It 'Puffery'? - The New York Times
Courts have given companies some leeway to make (perhaps overly optimistic) sweeping statements, a practice lawyers call “puffing.”
Source: nytimes.com
Google, Facebook, and Microsoft want to be scrappy startups again
The tech giants are trying to get their groove back.
Source: vox.com
Wall Street kept hiring throughout 2022 despite expense woes
Banks are now embarking on cost cutting, including mass layoffs.
Source: americanbanker.com
Will Elon Musk really let Twitter go bust?
Advertising shortfall and issues over subscription revenues should worry new owner given huge level of debt
Source: theguardian.com