Big Wall Street firms like Bank of America, Citadel Securities, and Goldman Sachs support a new plan from the Options Clearing. This plan changes how money is collected to cover defaults. Retail brokers, however, fear this will cost them hundreds of millions. The dispute highlights growing friction over risk management as retail trading surges.
‘We faltered, did not move quickly:’ How IBM CEO Arvind Krishna’s statement led to $70 billion wipeout
IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in
July 15, 2026