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US Lawmakers Reach Deal to Keep Government Open Through Sept. 30

Congressional leaders and the White House reached a handshake deal to fund the national government through Sept. 30, according to people familiar with the negotiations, after six months of bitter ideological clashes delayed finishing an annual spending plan.

SEC Blasted by Judge for ‘Gross Abuse of Power’ in Crypto Case

A federal judge in Utah took the extremely unusual step of sanctioning the <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000018e-5445-d509-adee-5dd546400000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Securities and Exchange Commission, saying that the regulator abused its authority in a case against crypto platform Digital Licensing Inc., known as DEBT Box.

HSBC Gets Trader’s Unlawful Trading Claims Partially Dismissed

HSBC Securities USA Inc. must proceed to trial on some claims by an ex-trader who alleged he was fired in retaliation for repeatedly reporting coworkers for engaging in an illegal form of trading and for confronting a colleague about trading ahead of a purchase order for Steve Cohen’s <-bsp-bb-link state="{"bbHref":"bbg://securities/1396018D%20US%20Equity","_id":"00000183-ca31-dab8-ad8b-ea3936840002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}" style="box-sizing: inherit;">Point72 Asset Management that potentially would move prices, a federal judge ruled Monday.

Barings Suit Over Talent ‘Raid’ Heats Up Private Credit Brawl

A legal brawl between <-bsp-bb-link state="{"bbHref":"bbg://securities/318944Z%20US%20Equity","_id":"0000018e-5402-d509-adee-5dd35cde0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Barings and upstart <-bsp-bb-link state="{"bbHref":"bbg://securities/2409119D%20LN%20Equity","_id":"0000018e-5402-d509-adee-5dd35cde0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Corinthia Global Management over “one of the largest corporate raids at an asset manager in years” is laying bare just how fierce the competition is for experienced talent in the niche but lucrative $1.7 trillion private credit market.

Barings Pauses Certain Private Credit Deals After Defections

<-bsp-bb-link state="{"bbHref":"bbg://securities/318944Z%20US%20Equity","_id":"0000018e-5362-d509-adee-5bf3c8e60000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Barings LLC is pausing making new investments across certain private credit funds while they transition to new leadership, after over 20 employees left for upstart <-bsp-bb-link state="{"bbHref":"bbg://securities/2409119D%20LN%20Equity","_id":"0000018e-5362-d509-adee-5bf3c8e60001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Corinthia Global Management.

Bakkt Replaces CEO as NYSE Threatens to Delist Crypto Exchange

<-rte-company state="{"_id":"0000018e-5359-d509-adee-5bd9addc0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Bakkt Holdings Inc. named a new chief executive officer and president as the crypto trading and custody platform faces being dropped from the New York Stock Exchange for failing to maintain listing requirements.

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