There is nothing better than a juicy Icarus tale — especially when it’s a real life Greek who has been singed by the sun. The rise and fall of Eva Kaili, an alluring, highly ambitious member of the European Parliament, who was arrested and charged with money laundering and corruption…

On the face of it, they could not be more different. Sam Bankman-Fried, the 30 year old crypto evangelist, prefers video games to slide decks and dresses like a hungover grad student. …

Late last week, Elon Musk, in the midst of his tumultuous Twitter takeover, flew into New York City to make the case that his latest flight of fancy would be for the good of Twitter, online discourse — and not cause him to take his eye off of Tesla. Since…

Despite its stock trading at 4 bucks, and the cost of insuring its debt against a default skyrocketing, Credit Suisse is no Lehman Brothers. …

About this time of year in 2008, I wrote a story about how the pound — then trading at $1.5 — might continue its recent swoon and end up at parity to the dollar. …

In the full teeth of a bear market, hedge fund deaths are many. Few carry any larger, systemic meaning. By now, everyone is losing money: long term investors, retail, venture capital — so many of the strategies and vanities that made sense in an endless era of easy money, suddenly…

This past April, Greece paid off its last debts to the IMF, two years early. And last month, the EU announced that, due its improving finances, the economic decision making of the Greek government would no longer be subject to official scrutiny by Brussels. A reminder: not that long ago…

Anshu Jain, former co-chief executive of Deutsche Bank, 1963–2022 One of the main principles of Jainism, the ancient Indian religion that guided Anshu Jain, the top Deutsche Bank executive who died abruptly of cancer this week, is Anekantavada — or many-sidedness. Translated loosely: truth and reality are too complex for simple definition, they are best grasped via a variety…

In his time at Elliott Capital, the hedge fund known for its legal attacks on bankrupt governments, Jay Newman — the strategy’s architect — kept a fairly low profile. …