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A $15 billion VC firm warned its startups of Silicon Valley Bank's red flags months ago and they withdrew $1 billion ahead of the turmoil

Fri, 03/10/2023 - 10:29

Tech Insider

UKRAINE - 2021/04/09: In this photo illustration the Silicon Valley Bank (SVB) logo is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, Silicon Valley Bank, SVB, Stock Market, SVB stock, Stock Market Outlook

Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history

Tue, 03/07/2023 - 10:00

Tech Insider

Markets, MI Exclusive, Ken Griffin, Citadel, hedge fund, finance, money manager

Swiss Bank UBS gave its CEO an 11% pay hike in 2022, but it cut employees' bonus pool by 10%

Tue, 03/07/2023 - 03:24

Tech Insider

UBS CEO Ralph Hamers of Swiss bank UBS addresses a news conference in Zurich, Switzerland February 20, 2020. — UBS CEO Ralph Hamers received a pay hike for 2022.
REUTERS/Arnd Wiegmann

News, Banks, ubs, Switzerland, Ralph Hamers, CEO compensation

Some traders say ChatGPT gives them out-of-date information and they waste time fact-checking

Mon, 02/27/2023 - 11:11

Tech Insider

Markets, MI Exclusive, Stocks, ChatGPT, Traders, Banks, Wall Street banks

Prosecutors say Sam Bankman-Fried helped create a new company with no employees to get round FTX being rejected for a bank account in California

Fri, 02/24/2023 - 12:06

Tech Insider : Crypto

FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Thursday, Feb. 16 — Sam Bankman-Fried.
AP Photo/Seth Wenig

finance, News, ftx, Sam Bankman-Fried, SBF, crypto, Fraud

Goldman Sachs and Citi are reportedly restricting employees' use of ChatGPT as big banks crack down on the popular AI tool

Fri, 02/24/2023 - 10:18

Tech Insider

The Citibank building in Canary Wharf, London's financial district. — Citibank building in Canary Wharf, London's financial district.
Mike Kemp/In Pictures via Getty Images

Markets, MI Exclusive, ChatGPT, AI, Artificial Intelligence, Citigroup, C stock

Don't Call It a Comeback: Ozy's CEO Arrested for Fraud

Thu, 02/23/2023 - 15:11

Gizmodo

Ozy CEO and co-founder, Carlos Watson, was arrested on Thursday for conspiring to commit securities fraud and conspiring to commit wire fraud. His arrest comes just days after fellow co-founder and Chief Operating Officer Samir Rao and Suzee Han, Ozy’s former chief of staff, pleaded guilty to fraud charges.