The London Metal Exchange has defended its controversial decision to cancel billions of dollars of nickel trades in March as necessary to avoid a $20 billion margin call that would have sent the market into a “death spiral” and threatened the exchange’s own survival.
A Houston lawyer charged with helping private equity billionaire Robert F. Smith evade taxes for more than a decade died just before he was about to go on trial.
A £500,000 ($604,000) cap on what sanctioned Russian oligarchs can pay their UK lawyers is already being tested in London, after attorneys expected to represent billionaire Oleg Deripaska warned it wasn’t enough.
(Bloomberg) -- Federal Reserve Vice Chair Lael Brainard said US central bankers must lean against the risk of inflation expectations rising above the 2% target in a world where inflation may be less stable than in recent decades.
(Bloomberg) -- Apollo Global Management co-founder Leon Black was sued by a woman who claims the billionaire raped her in 2002.
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