Insider-Trading Gang Allegedly Courted Future Rothschild Banker
In a novel twist on insider trading probes, French authorities are investigating a network that allegedly tried to court elite university students and junior bankers, betting they'd one day land top finance jobs and hand over market-moving intelligence.
One of those students would later work for Rothschild & Co. on a secret €2 billion ($2.3 billion) plan by luxury billionaire Bernard Arnault to delist Christian Dior — a deal that never surfaced publicly but still triggered suspicious trades in Paris, Dubai and New York, according to confidential investigative documents.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
LINKBANCORP Second Quarter 2025 Earnings: Misses Expectations
LINKBANCORP (NASDAQ:LNKB) Second Quarter 2025 Results Key Financial Results Revenue: US$27.5m (up 4.5% from 2Q 2024). Net income: US$7.39m (up 27% from 2Q 2024). Profit margin: 27% (up from 22% in 2Q 2024). The increase in margin was primarily driven by higher revenue. EPS: US$0.20 (up from US$0.16 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period LINKBANCORP Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are down 8.7% from a week ago. Risk Analysis You should always think about risks. Case in point, we've spotted 1 warning sign for LINKBANCORP you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
3 minutes ago
- Yahoo
Lumen Technologies (LUMN) Extends Losing Streak on Wider Losses
We recently published . Lumen Technologies, Inc. (NYSE:LUMN) is one of the worst-performing stocks on Friday. Lumen Technologies saw its share prices decline for a third straight day on Friday, slashing 16.63 percent to close at $3.71 apiece after a disappointing earnings performance in the second quarter of the year. In its earnings release, Lumen Technologies, Inc. (NYSE:LUMN) said it widened its net loss by 1,767 percent to $915 million from the $49 million in the same period last year. Revenues decreased by 5 percent to $3.09 billion from $3.27 billion year-on-year. According to the company, the wider net loss was primarily due to the refinancing of certain debt instruments and credit facilities during the past two quarters, among others. cherezoff / In the first half, Lumen Technologies, Inc. (NYSE:LUMN) swung to a net loss of $1.1 billion from an $8 million net profit in the first six months of 2024, while revenues also declined by 4 percent to $6.27 billion from $6.56 billion. Kate Johnson, Lumen Technologies, Inc.'s (NYSE:LUMN) president and CEO, said that the firm is currently building a stronger and more modern company. 'With the sale of our consumer fiber business, successful debt refinancing, and continued modernization gains, we're laying our foundation for future revenue growth,' she noted. While we acknowledge the potential of LUMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Forbes
6 minutes ago
- Forbes
Inside Billecart-Salmon's Champagne Legacy With CEO Mathieu Roland-Billecart
Billecart-Salmon's chalk cellars in the village of Mareuil-sur-Aÿ, near Épernay in Champagne Photo Leif Carlsson As the seventh-generation head of one of Champagne's oldest and most revered family-run houses for true connoisseurs, Mathieu Roland-Billecart is not only upholding a two-century-old legacy – he's redefining what it means to lead an independent, artisanal brand in a market dominated by corporate behemoths. After spending 14 years in London working in international consulting, he returned home to Mareuil-sur-Aÿ in 2017, taking over from his second cousin François and becoming CEO of Billecart-Salmon in 2019. Today, he leads a tightly knit team that remains committed to quality, time-honored techniques, and the patient art of crafting some of the most elegant champagnes in the world. In this candid conversation, Roland-Billecart reflects on his childhood in Champagne, the values that have shaped the house for over 200 years, and why staying independent isn't just a business strategy – it's the very essence of Billecart-Salmon. What was it like growing up as part of the Billecart-Salmon family in Champagne? It's hard to compare because I've only ever known this. Champagne is a natural ecosystem with vineyards everywhere, but also the pressing room, vinification rooms and everything. It's basically an entire community dedicated to growing vines and making exceptional wine. What's specific for me is I carry the name of the house, so even when people don't know me, they think they know me. It's 95 % a blessing, and 5 % feels like a curse, but overall it's very positive. It's very much a family business. My father worked for the company, so it's like hearing your dad talk about his work. At 10 years old, you don't think, 'This is Billecart-Salmon with all its greatness.' You just think that it's your dad's job. And in our community, a lot of people work for Champagne producers of different prestige and positioning, so it's just part of who you are. Champagne is in our blood – not in the wine, but in the social sense. That's very much part of the Billecart DNA. A draft horse working Billecart-Salmon's vineyards Photo courtesy of Billecart-Salmon Was it inevitable that you would lead the house one day? No. There's a family committee – they're basically my boss now – and I returned to that board in 2013. That's just a few meetings a year to keep the family informed about the business. Then in 2017, my cousin, who led the house for 25 years, turned 70 and said, 'We need to pass the baton to the seventh generation.' The family gathered and asked if I'd be willing to do the job. It wasn't something I was told from birth: 'It will be you.' It's when the stars align. We always try to find the right person at the right time to take over. It's not a normal job. There are many things that are very unusual in a 200-year-old family organization. You have to commit long-term, which I did in 2017. Are other family members involved in the business today? There are three of us involved day-to-day. I have two cousins: one covers Italy, the other various European countries. So three of us are really hands-on. We still have one sixth-generation member involved, and two of us from the seventh generation. The Roland-Billecart family: Antoine, François, Jean and Mathieu Photo Thomas Deron What are the biggest challenges in continuing the legacy? We see time differently. Most businesses feel short-term pressure. Of course, we have bank accounts and people to pay, but my focus is staying grounded in our vineyard while serving a global elite of food and wine lovers. That's a big stretch, from our little village to clients in New York, Singapore, Sydney. It's about making that bridge, in a global market dominated by large conglomerates. We're a small, agile producer focused on one thing: exceptional quality wines. That's our greatest asset. Our long-term vision is another. Big groups may dress up their short-term vision, but Champagne doesn't work that way. You have to respect time. For example, when we released our top cuvée, the 2012, the market was releasing 2015 or 2016. Our non-vintages are aged two or three times longer than elsewhere. That's part of making sure you're keeping your moral compass, your family values, and staying focused because it's wild out there. Why is independence so important to Billecart-Salmon? It's our DNA. It's not just important – it's paramount. We wouldn't be a family business, owned and run as we are today, if we were bought by one of those groups. We don't want that. Think of us like a high-end delicatessen, and next door Walmart is opening. We have to stay differentiated. Thankfully, through the quality of what we do and our values, we've built trusted relationships with clients around the world who know and want the Billecart difference. That's why we're still in business 207 years later.
