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Credit Suisse halts star trader’s fund on risk concern Bloomberg Bloomberg Credit Suisse Group paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk in the aftermath of the twin implosions of Archegos Capital Management and Greensill Capital, according to people familiar with the decision. The pause marks a shift for Credit Suisse, which last year lured Mr. Lemssouguer back from Ken Griffin's hedge fund Citadel and gave him a new role overseeing the launch of a credit strategy in the asset unit. The fund targeted as much as $500 million in assets, acc...

Credit Suisse Halts Star Trader’s Fund on Risk Concerns This content was published on April 20, 2021 - 14:38 April 20, 2021 - 14:38 (Bloomberg) -- Credit Suisse Group AG paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk in the aftermath of the twin implosions of Archegos Capital Management and Greensill Capital, according to people familiar with the decision. The pause marks a shift for Credit Suisse, which last year lured Lemssouguer back from Ken Griffin’s hedge fund Citadel and gave him a new role overseeing the launch of a credit stra...

How Pa. and N.J. could spend billions in relief funds | Morning Newsletter Ashley Hoffman, The Philadelphia Inquirer © CHARLES FOX/The Philadelphia Inquirer/TNS Pharmacist Chichi Ilonzo Momah has a moment with customer SueMorelli. Her Springfield Pharmacy has pioneered providing vaccines to seniors and other vulnerable patients in the area. She is shown on March 4, 2021. First: This is where billions of dollars from the $1.9 trillion stimulus package could go in Pennsylvania and New Jersey. Then: Advocates are saying they want better ways of getting the COVID-19 vaccines to...

3 Min Read LONDON, Feb 1 (Reuters) - Euro zone governments raised a record 48.8 billion euros of funding in January via syndicated bond sales, backed by record order books from investors jostling for scarce sovereign debt from the bloc. Syndicated sales, where debt management offices hire banks to sell bonds directly to investors, were the highest ever for the first month of the year, according to Dealogic data going back to 2010, eclipsing the previous record of 48.25 billion euros set in 2019. And a record eight euros of demand chased every euro of issuance, according to a Reuters analysis ...

Two Pennsylvania Lawmakers Gain Clout in Close Congress The U.S. senators, each from different parties, have interesting positions that could provide them more clout in the narrowly-led Democratic 117th Congress. Charles Thompson, PennLive   |   January 29, 2021   |  News (TNS) — There is a case to be made that the control-shifting results of the 2020 elections could amplify the clout of both of Pennsylvania’s U.S. Senators — one Democrat, one Republican — in the upcoming 117th Congress. Besides the inauguration of President Josep...