Goldman Sachs Funded Circle Purchases Poloniex Crypto Exchange

News Articles here: 1. Goldman Sachs-Funded Circle Purchases Poloniex For $400 Million… 2. Circle CEO: We will compete with Venmo and Coinbase… 3. Circle acquisition of Poloniex is just the beginning of likely consolidation in crypto… 4. … Read more

Margin Debt, Backed by Enron-Déjà-Vu Steinhoff Shares, Hits BofA, Citi, HSBC, Goldman, BNP

Wolf Richter, “Shadow margin” is a hot business for brokers. Now they’re licking their wounds. When the bankers of Christo Wiese, the former chairman and largest shareholder of Steinhoff International Holdings – a global retail empire that includes … Read more

Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down

Wolf Richter, $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come. Steinhoff International Holdings – which acquired nine companies in the past two years, including Mattress Firm Holding in the … Read more