Securities

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SVB Investors Warn KPMG of Expanded Claims Over Bank Collapse

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

By Amanda Iacone and Martina Barash

Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares

Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.

Crypto Executive Misled Investors on Digital Currency, SEC Says

The SEC sued a cryptocurrency executive and his companies, alleging they raised about $16 million from hundreds of investors by making false claims about an insured, asset-backed digital currency called Bitcoin Latinum.

Obesity Drugmaker Kailera Soars 63% After $625 Million IPO

Kailera Therapeutics Inc. shares surged 63% after the clinical-stage biotechnology company focused on obesity raised $625 million in an upsized US initial public offering.

Caitlyn Jenner Memecoin Not a Security, Court Says in Dismissal

A memecoin holder can’t proceed with proposed class claims that Caitlyn Jenner unlawfully sold unregistered securities because the celebrity former athlete’s $JENNER cryptocurrency isn’t a security, a federal court ruled.

Justice Department Shakes Up Probe Into Alleged Trump Conspiracy

The Justice Department is shaking up the team probing former CIA Director John Brennan as part of a broad investigation into an alleged years-long conspiracy against President Donald Trump, according to people familiar with the matter.

Fed’s Waller Signals Caution On Rates, Sees Risk of Longer War

Federal Reserve Governor Christopher Waller said he is cautious about the need to lower interest rates in the near term, due to the energy shock triggered by war in Iran, and warned of the risk of a prolonged impact on inflation due to the conflict.

Bankers Unfazed by $185 Billion Pile of Loans to Private Credit

The biggest US banks spent the past week tallying more than $185 billion of combined exposure to private credit, an asset class that’s come under pressure in recent months. Executives — many of whom sought to calm investors’ jitters — still see potential in the market.

Rocket Lab Defeats Investor Lawsuit Over Delayed Neutron Launch

Rocket Lab USA Inc. and top executives routed allegations they misled investors about the testing and debut timeline for its reusable Neutron rocket before a 2025 short-seller report.

Algo Trader Shares $3 Billion Payday Amid XTX Earnings Rise

Billionaire Alex Gerko and other shareholders of his algorithmic trading firm XTX Markets are sharing a windfall of about $3 billion through one of the world’s biggest market-making businesses.