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  • Due diligence is top of mind for Wall Street in the wake of blowups at Frank and FTX. Here's what it means for the state of M&A

    2 monthes ago - By Business Insider

    It's Friday, Friday. Gotta get down on Friday! Dan DeFrancesco in NYC, and I'm wracking my brain wondering what Sam Bankman-Fried's secret code word is for his attack dog. Shoot me a tweet or an email with your best guess. I'll include the best one in Monday's newsletter. Fun Fact Friday: Eggplants are technically classified as berries. On tap, we've got stories on a new set of executives at Bank of America , why one employee at NYSE is VERY nervous right now , and some cities that you won't lose your shirt buying a house in. But first, let's take a look under the hood. If this was...
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  • Anthony Scaramucci says he bought Sam Bankman-Fried a suit for their Middle East fundraising tour and that the trip sparked FTX's downfall

    2 monthes ago - By Business Insider

    Sam Bankman-Fried and Anthony Scaramucci. Erika P. Rodriguez/Chicago Tribune/Tribune News Service via Getty Images; Chip Somodevilla/Getty Images
    Sam Bankman-Fried and Anthony Scaramucci went on a Middle East fundraising tour in October.
    Scaramucci told Insider he bought SBF a suit so the FTX CEO wouldn't wear a T-shirt with investors.
    He said SBF ended up saying "nasty things" about a crypto rival that helped spark FTX's downfall.
    Weeks before FTX's downfall, Anthony Scaramucci was worried that Sam Bankman-Fried's famously casual dress sense could backfire on a fundraising trip to the...
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