Top Financial Services News of the Day
Troubles at Sam Bankman-Fried's Alameda Began Well Before Crypto Crash
The trading firm took big gambles, won some and lost many. Mr. Bankman-Fried remained deeply involved even after stepping down as CEO. There was “a complete lack of a risk management framework that they could articulate in any meaningful way,” said one potential partner.
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
The Bahamas Securities Commission says it is awaiting guidance from a local court on what to do with the assets seized by FTX Digital Markets.
Investors Remain on Edge After Brutal Markets Year
The Federal Reserve is waiting on the debate about what is coming in 2023.
Retiring Fed President Challenged the Consensus Inside Central Bank
Esther George of Kansas City is leaving next month after 40 years at the regional Fed bank
Three Arrows' U.S. Co-Founder Can Be Subpoenaed Via Twitter, Judge Rules
Liquidators are allowed to give up crypto hedge fund co-founder Kyle Davies via Twitter and email, though not fellow co-founder Su Zhu, who is not a US citizen or resident.
China Regulator Says Futu, Up Fintech Violated Laws
China’s securities regulator said two Nasdaq-listed online brokers violated its domestic laws by allowing clients on the mainland to trade cross-border.
Seaside Equity Closes Second Lower Midmarket Fund With $325 Million
The San Diego, California-based firm surpassed the fund’s $225 million goal at a difficult time for private equity fundraising.
China's Covid Easing and Policy Pivots Brighten Outlook for Stocks
Investors expect a bumpy ride as China quickly lifts pandemic restrictions and refocuses on economic growth.
Japan's Banks Get a Shot in the Arm
A tweak to Japan’s “yield curve control” interest rate policy has lit a fire under the country’s financial stocks.
Mortgage Rates Record Biggest Calendar-Year Increase in 2022
The increase in borrowing costs this year ended a housing boom that drove up prices.
(END) Dow Jones Newswires