The law firm of Vinson & Elkins has promoted three senior business professionals, including Allan Schoenberg to chief communications officer. RSM’s Todd Briggs has been named the company’s North American digital assets audit leader effective May 1, 2022, making him responsible for advancing RSM’s go-to-market and audit business strategies to accelerate audit and assurance services to North American clients that engage in digital asset business activities. Bloomberg reported that the investment bank is transitioning back to “paid-for-meal” service for breakfast and lunch on April 25.īank of America is moving to make credit cards from recycled plastic beginning next year, which means your credit card and the nearby park bench will be cousins. It is back to the cold harsh realities of economics at Goldman Sachs with the end of the “free lunch” employees received during the pandemic. They all got hammered yesterday on the Netflix news. He took a $400 million loss, Reuters reported.īTW, I don’t own any Netflix shares, but I do own some other streaming services shares I won’t mention right now. And then, you might feel better because you were not Bill Ackman, who is reported to have liquidated (puked out?) his $1.1 billion Netflix position yesterday after the streaming service reported a drop in subscribers. There is some consolation that you are not Norway’s $1.3 trillion sovereign wealth fund, which lost $74 billion in the first quarter. You might not like what you saw for the performance in the first quarter of 2022, whose second half was dominated by fallout from the Russian invasion of Ukraine. You might be one of those investors who only looks at your statements on a quarterly basis. FTX will need all the help they can get to push through their request. I sent in my comments previously for this.
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This is very nice of Goldman, and timely, as a couple of publications have reported that the CFTC is primed to hold a roundtable about the FTX proposals the CFTC has asked for comments on. David Solomon and Goldman Sachs want to help FTX and Sam Bankman-Fried, especially with their issues with the CFTC, the FT reported.