Decisions/Settlements/Deals

Wall Street Moves to Curb Shady CDS Deals and Hold Off Watchdogs

Wall Street banks and hedge funds are closing in on a fix that they hope will clean up an $8 trillion portion of the derivatives market that’s gained a reputation for being one of the shadiest …

A Peloton Cycle Inc. bicycle stands in the gym area of the Dwight Capital LLC new office space inside 787 11th Avenue in New York, U.S., on Monday, July 30, 2018. The glitzy new offices at 787 11th Avenue in Hell's Kitchen for financial companies are a departure from the building's 1920s roots as a service hub for Packard Motor Car Co.

Peloton Is Said to Pick Goldman Sachs, JPMorgan to Lead IPO

Peloton Interactive Inc. has chosen Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead its initial public offering, which could value the home exercise startup at more than $8 billion, …