‘Just buy somebody’: Private markets push will fail without deals, says LCM boss

The chief executive of Brookfield-backed alternatives firm LCM Partners says asset managers pushing into private markets will fail without making acquisitions, arguing they are the only route to the expertise needed to be successful. “Just buy somebody, because you’re not known for this,” said Paul Burdell, who set up LCM Partners in 1998. Financial News. … Read more

‘He got a chunk of money when he divorced’: My boyfriend had problems paying rent before I moved in. I’m afraid I’ll end up paying the bills. Am I cheap?

Dear Quentin, I am a 33-year-old female and I have a boyfriend who is 37. I make about twice as much as he does. We have been talking about marriage, having a baby, and buying a house, etc which I love to do as I see the future with him, and I do love him. … Read more

The Fintech Files: Will Celsius customers hit HODL?

Customers of the beleaguered crypto lender Celsius have withdrawals frozen for more than two weeks – now, some involved in rescue talks want users to keep the faith. Two sources revealed to Financial News on 27 June that a new plan — which involves using the Celsius app’s “HODL” function to ballot customers over whether … Read more

Credit Suisse fined $2m over money laundering linked to cocaine trafficking

Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking. The court found Credit Suisse didn’t do enough to prevent money laundering by members of the crime ring, which prosecutors said moved tons of cocaine into … Read more

Credit Suisse Found Guilty in Bulgarian Money-Laundering Case

By Ed Frankl Credit Suisse AG was found guilty on Monday by a Swiss court for failing to stop money laundering in a historic case involving a Bulgarian drug-trafficking gang. The decision is the latest reputational blow for the bank, which issued a profit warning earlier in June as it undergoes a tough turnaround plan … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

These money and investing tips can help you read the market’s signs

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How retirees should navigate this bear market Constantly checking your net worth can be hazardous to your wealth Read More The stock market’s return will be minus … Read more

Elon Musk on ‘Giant Money Furnaces’ and Not Letting Tesla ‘Go Bankrupt’

Text size Elon Musk (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue) Bankruptcy is one of Elon Musk’s favorite words. He is fond of pointing out that the only American car companies that haven’t gone bankrupt are Ford Motor and Tesla . He used his favorite word many times in a recent interview with … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

In Today’s Market, Poor Performance Still Pays

In a perfect world, public companies would compensate their executives commensurate with the creation of long-term shareholder value. Last year, the median compensation for US chief executives reached a record high for the sixth consecutive year, The Wall Street Journal reported earlier this month. While most pay packages are bolstered by restricted stock units that … Read more