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In February, Odey made $18m on paper in one day when Wirecard shares fell sharply on fraud allegations

Hedge Funds

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UK hedge fund manager Crispin Odey has drastically reduced his stake in Wirecard after the German financial regulator banned short-selling in the fintech’s stock.

 when the German digital payments company’s shares fell sharply following allegations that executives had engaged in fraudulent activity, Bloomberg reported.

Odey reduces position in Wirecard after German short-selling ban

In February, hedge fund manager made $18m on paper in one day when the fintech’s shares fell sharply on fraud allegations

Tom Teodorczuk

Siltronic

ElringKlinger

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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The Wall Street firm is being investigated over whether it properly vetted its clients for money-laundering risks.

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The lender reported a sharp decline in net profit due to a one-off hit related to the sale of its Brazilian subsidiary and an increase in loan loss allowances.

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Julius Baer’s Net Profit Falls on Higher Loan Provisions, Brazil Unit Sale

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It issued an alert about “active attacks” targeting its server software and urged customers to install new security updates that have been released.

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The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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SS&C Technologies Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle Group for roughly $1 billion.

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Consumers are spending again after the spring’s tariff chill. But some expect growth to be slow.

The U.S. Economy Is Regaining Its Swagger

The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

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