Day: July 31, 2023

Written by FinCrime

The Moon Emoji Is Securities Fraud

Reported by Matt Levine Last August, Ryan Cohen did a very funny joke. Cohen — founder of online pet-food retailer Chewy, chairman of the board at GameStop Corp. and general meme-stock influencer and activist — had spent about $121 million to buy about 9.8% of Bed Bath & Beyond Inc.’s stock in early 2022, and […]

Written by FinCrime

UK banks are closing more than 1,000 accounts every day

Reported by Miles Brignall Banks are closing more than 1,000 accounts every working day, according to new data that has fuelled the growing row over so-called “debanking” and prompted Nigel Farage to call for a royal commission to investigate what he said was a scandal. The figures, obtained through a freedom of information (FoI) request made to […]