Citadel Securities plots jump into crypto trading after Trump’s embrace [Bloomberg via Yahoo!]
Citadel Securities has had a limited presence in crypto trading, having steered clear of exchanges frequented by retail investors due to a lack of regulations around it in the US…. Once the firm is approved on exchanges, it initially plans to set up market-making teams outside the US, the people said….
‘There will continue to be a CFPB’: Trump administration says it won’t shut bureau [Politico]
The motion was filed in response to the CFPB union, which sued the Trump administration earlier this month over what it said were plans to “dismantle” the agency after Vought ordered staff to stop working. The court has issued a preliminary injunction pausing firings at the agency until a hearing next Monday…. The only reason the bureau’s headquarters were shut down — employees were told not to report to work starting Feb. 10 — was the “disruptive protests involving the CFPB’s own staff” outside the building, Vought said.
House Republican Budget Plan Runs Into Trouble Ahead of Vote [WSJ]
For now, House leaders say they are pressing ahead with a vote on the budget resolution as early as Tuesday evening…. Some of the Republicans who aren’t fully convinced on the plan want deep spending cuts, while others are sensitive to what such reductions could mean for federal programs such as Medicaid, the health-insurance program for the poor.
Jamie Dimon: I should never curse. But we’re going back to the office [CNN]
“They should respect that the company is going to decide what’s good for the clients, the company, etc., not an individual,” Dimon told CNBC. “And so they can get a job — and I’m not being mean — they can get a job elsewhere….”
“There’s a petition,” Dimon told CNBC. “And they have the right to feel that way. But we’re not going to change. We’re going back to the office.”
Japan Trading-House Stocks Jump as Buffett’s Berkshire Eyes Higher Stakes [WSJ]
Mitsubishi Corp. shares were recently 8.7% higher Tuesday morning, Marubeni Corp. was up 7.9% and Itochu Corp. was 6.5% higher. Meanwhile, Sumitomo Corp. was up 5.9% and Mitsui & Co. was 4.3% higher…. Berkshire began buying shares of the five Japanese trading companies in July 2019. He praised the companies for their use of capital, their management and their attitude toward shareholders.
Ken Griffin Pays $45 Million for Julia Koch’s Park Avenue Co-Op [Bloomberg]
Griffin already owns other homes in Manhattan, including a penthouse condo he bought for a record-setting $238 million in 2019 at 220 Central Park South, along Billionaires’ Row./His new apartment unit spans 8,500 square feet (790 square meters) on the fourth and fifth floors of 740 Park Ave., which is already the New York home of Stephen Schwarzman, Blackstone Inc.’s chairman and chief executive officer, and other finance titans. Jacqueline Kennedy Onassis lived there as a child and John D. Rockefeller owned the unit that is now Schwarzman’s.
