Kim Kardashian West’s eye-popping spun-silk organza and crystal Thierry Mugler gown for the Met Gala this week may have looked exciting, but the dress was reportedly both work to put on and to wear. Kardashian West had to be laced into a corseted bodysuit by renowned corsetier Mr. Pearl before putting on the silicon curve-hugging frock inspired by a wet shirtdress worn by Sophia Loren in 1957’s “Boy on a Dolphin,” according to Vogue. “Anna, if I don’t sit down for dinner, now you know why,” she laughed, referring to Vogue editor Anna Wintour. Kardashian West attempted to sit with the bodysuit on for Vogue’s cameras. “I can only like half-sit,” she decided. “This is like beyond what I ever thought couture was,” Kardashian West said while being fitted in the gown. “I won’t be able to pee for about four hours,” she told the Vogue camera people. “So we’re coming up with a plan of what we do in case of an emergency." KIM KARDASHIAN TO STAR IN CRIMINAL JUSTICE DOCUMENTARY She also admitted that she would be standing while holding onto a pole in the car on the way to the ball. “Just wish me luck,” she said. The reality star said in preparation for the look that she underwent three facials in one week, a spray tan and a Korean spa scrub. Kardashian West said she used to sit on her bed looking at photos of stars on the red carpet of the Met Gala, which started in 1948, dreaming she could go someday and added that she was “humbled” to be a cover girl for Mugler. CLICK HERE TO GET THE FOX NEWS APP The gown is the first that designer Manfred Thierry Mugler has made for the House of Mugler in more than 20 years, Vogue reported.<doc-sep>Bloomberg (Bloomberg) -- Credit Suisse Group AG executives ignored warnings from colleagues about troubled steel tycoon Sanjeev Gupta as they channeled $1.2 billion of client funds to his businesses, according to people familiar with the matter.Bankers in Credit Suisse’s commodity trade-finance unit blacklisted Gupta’s Liberty Commodities Ltd. in 2016 because they suspected some of its deals weren’t legitimate, the people said. When they learned about two years later that the bank was lending to his companies through a suite of investment funds, which eventually grew to $10 billion, they flagged their worries to leaders in compliance and the division that housed the loans, one of the people said.The disclosure that Credit Suisse may have put clients at risk despite internal concerns over Gupta’s businesses adds a new twist to the debacle stemming from the March implosion of Greensill Capital, the finance firm at the center of the three-way relationship.Investigations, LawsuitsThe U.K. Serious Fraud Office is now investigating Gupta’s group of companies for suspected fraud, including in its financing deals with Greensill, according to a May 14 statement. Credit Suisse has sued to force Gupta’s Liberty Commodities into insolvency and has since shut the funds that made the loans and launched an internal investigation. Investors are staring at losses as the bank confronts embarrassing lawsuits.“We are currently focusing our efforts on recovering our investors’ money,” Will Bowen, a spokesman for Credit Suisse in London, said in an emailed statement, adding that the bank’s internal probe will focus on “all of the issues” linked to the funds. “We are committed to learning the lessons and will share the relevant lessons learnt at the appropriate time.”Andrew Mitchell, a spokesman for the Gupta Family Group Alliance, or GFG Alliance, a collective of businesses linked to Gupta including Liberty Commodities, denied any wrongdoing.The Greensill saga represents just one of the two disasters that rocked Credit Suisse in the first half of 2021. Since Greensill began unraveling, the bank has announced a $5.5 billion hit from the blowup at Archegos Capital Management.ApologiesFormer Chairman Urs Rohner apologized to shareholders and his successor, Antonio Horta-Osorio, who arrived at the end of April, has promised a sweeping strategy review.Chief Executive Officer Thomas Gottstein, who was head of the division that oversaw trade finance, wasn’t aware of the internal concerns about Gupta that had prompted the bank to cut him off, according to a person familiar with the matter.Employees at the trade-finance unit, which lends money for the buying and selling of commodities, cut ties with Gupta in 2016 after becoming skeptical toward his Liberty Commodities, the people said. They distrusted the documents the company provided, triggering doubts about its transactions, they said. In one example reported by Bloomberg, the company had presented another bank with what seemed to be duplicate shipping receipts. A spokesman for Gupta has denied any wrongdoing.Banking TiesLiberty Commodities pledged assets to Credit Suisse as security for borrowings in 2013 but by early 2016, all such commitments had been extinguished, indicating that the financing relationship had ceased, U.K. Companies House filings show. And while Gupta’s company listed the Swiss bank as one of its lenders in its 2014 annual report, it didn’t in the following year’s report, which is dated May 2016, according to the filings.Their counterparts at other banks, including Macquarie Group Ltd. and Sberbank PJSC, halted trading with Liberty Commodities around the same time because of similar concerns; Goldman Sachs Group Inc. also stopped in 2016, Bloomberg has reported.Nevertheless, executives at Credit Suisse’s asset-management division -- which creates investment products for clients and charges a fee for overseeing them -- began arranging a suite of funds focused on supply-chain finance in 2017. The entities bought securitized loans packaged by Greensill, a firm created by Australian businessman Lex Greensill. Much of the debts were linked to Gupta’s businesses.WarningsOfficials at the commodity trade-finance unit were concerned when they found out about the funds’ links to Gupta and took their fears to Thomas Grotzer, general counsel for the bank’s Swiss division. They also warned Luc Mathys and Lukas Haas, the bankers who helped oversee the trades at the asset-management unit.Grotzer was promoted last month to interim global head of compliance at Credit Suisse. He didn’t respond to requests for comment. Mathys, head of fixed-income at the asset-management division, and Haas, a portfolio manager, were put on temporary leave in March. Neither responded to requests for comment.The bank pushed ahead with the funds and marketed them to investors as being made up of short-term debt secured on invoices, assets considered so safe that Credit Suisse gave the largest vehicle its lowest rating for risk. Yet part of the loans were linked to mere possible future revenues.Other parts of the bank continued working with Gupta as well. Credit Suisse’s investment bankers were due to lead an initial public offering for Liberty’s U.S. steel arm, which was ultimately pulled, according to a statement from the company. Gupta also announced that the Swiss bank would finance his planned acquisition of Thyssenkrupp AG’s steel unit, which fell apart earlier this year.Credit Suisse has so far recouped about $5.9 billion of the $10 billion in these supply-chain funds, but it remains unclear how much will be returned ultimately to investors. Loans to Gupta’s businesses are among a batch of debts that are the “principal sources of valuation uncertainty,” the bank said earlier this month.Liberty Commodities’s external legal advisors investigated “alleged rumors concerning the paperwork” it used in 2019, according to Mitchell, the spokesman for GFG Alliance. They found no evidence to substantiate the rumors, nor was the company “ever subject to further complaints or proceedings,” he said.“LCL has ongoing banking relationships with separate financial institutions,” Mitchell said, referring to Liberty Commodities. “The trade-finance market has been hugely challenging for all but the very largest commodities traders in recent years. Nevertheless, no financial institution has been left out of pocket as a result of lending money to LCL. On the contrary, they have received substantial commercial returns.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.<doc-sep>Is it camp to be Joan Collins? We have a winner. Of course it is, and “of course” the theme resonated with her, said Ms. Collins, wafting through the Met’s Petrie sculpture court in white feathers and radzimir by Valentino. Ms. Collins, especially in her incarnation as Alexis Carrington of “Dynasty,” is a camp legend, invoked by other guests as a North Star — “These are some Alexis Carrington shoulders,” Samantha Barry, the editor of Glamour, said of her outfit — and Ms. Collins accepted such tributes with the grace of a once and future queen. “I was called camp so many times,” she said. “The camp bitch .” In the courtyard, the crowd swelled to elbow-knocking fullness, a hum of giddiness and a traffic jam of gown trains. “It’s out of this world,” said Max Hollein, the new director of the Met, celebrating his first gala, “ and very different, of course.” Even in the world of high-stakes fund-raisers, it’s unusual to see Jeff Bezos, the billionaire founder of Amazon, kibitzing with Awkwafina, a breakout star of “Ocean’s 8” and “Crazy Rich Asians.” (In a life-imitating-art twist, “Ocean’s 8” was a caper comedy about robbing the Met Gala.) “You’re hard to miss!” Mr. Bezos told her merrily. Everywhere one looked, unlikely wires were crossing. Over here, Shawn Mendes, the pop star, chatting with James Charles, a YouTube beauty vlogger, attired for the occasion in a shirt of chain-mail safety pins. Over there, Tiffany Haddish, the comedian, was offering around fried chicken out of her purse; the designer Gabriela Hearst eagerly accepted a piece. “I stay ready, baby,” Ms. Haddish said, black-tie gala or no black-tie gala. “I got your back. That’s from my kitchen, baby.”<doc-sep>Click to email this to a friend (Opens in new window) Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window) Yeezy does it, here comes the baby. Kanye West and Kim Kardashian are about to welcome their fourth child together, as their surrogate went into labor Thursday night, Kourtney Kardashian announced on “Ellen.” “My mom [Kris Jenner] doesn’t even know this, but Kim’s surrogate went into labor,” she said, “so she’s at the hospital.” The baby boy will join North, Saint, and Chicago as Kimye’s fourth child. The couple hired a different surrogate this time around because their previous surrogate, La’Reina Haynes, wasn’t available, Page Six previously reported. Haynes delivered a child of her own in December, a baby girl named Jaiden. Kardashian, 38, made a splash at the Met Gala earlier this week by wearing a dress that she described as a “wet and dripping” vibe.<doc-sep>
Kanye West made a rare appearance at the Met Gala with his wife Kim Kardashian for the first time since 2016! Kim Kardashian slayed on the Met Gala red carpet, as usual, and she had some arm candy that she doesn’t typically take with her to the event! Kanye West joined Kim at the Met Gala this year for the first time since their appearance in 2016! Kanye didn’t join in on the theme, rocking a plain black zip-up, while his stunning wife took it to the next level, of course! Kim opted for a body-hugging nude gown that had her absolutely cinched at the waist, looking as gorgeous as ever. She showed off the clearly insane results of her plant-based diet she followed to prep for the first Monday in May! While Kim looked happy to be there, Kanye frowned his way through the carpet, sticking close by Kim who handled the photographers and press with ease. However, the rapper send his wife the most adorable text messages this morning, which she shared on her social media! “This is your life/ Married with four kids/Get people out of jail/Cover of Vogue/Go to Church every week with your family/Dreams come true.” Wow, we need a Kanye in our life — supportive hubby through and through! Kim gushed over another man in her life at the Met, designer Thierry Mugler! “This is the first time in 20 years that Mr. Mugler has designed, and he designed this gown for me and it’s such an honor,” Kim revealed to E! on the carpet, with Kanye standing over her shoulder, looking down. “It’s 8 months in the making. He envisioned me as this California girl stepping out of the ocean, wet and dripping — that’s the vibe tonight.” Kim teased her look on Twitter ahead of time by sharing a picture of Sophia Loren’s 1957 Boy on a Dolphin wet look! She revealed that she texted with her sisters Kylie and Kendall Jenner while they were all getting ready, discussing last minute outfit changes and additions. “Once we’re all a t the top of the carpet, I think we can all take a deep breath… actually I don’t know if I can in this corset!” KKW joked that she couldn’t wait to have donuts after the big event! We hope Kanye turns that frown upside down!