Bitcoin venture investor Marty Bent of Ten31 saw red flags with the FTX cryptocurrency exchange long before its historic collapse under founder Sam Bankman-Fried.
Crypto exchange Binance said Tuesday it plans to purchase rival FTX, which acknowledged it is experiencing a "liquidity crunch" and asked for the deal.
Stripe's cuts will reduce its headcount to a total of almost 7,000 people and impact multiple divisions. Recruiting will be heavily impacted as the financial services giant plans to hire fewer people next year.
The bank boosted its key rate by three-quarters of a percentage point Thursday, to 3%, after consumer price inflation returned to a 40-year high in September.
The SEC passed a rule required by the Dodd-Frank Act to force public companies whose financial statements contain errors to recoup their executives’ bonuses and other incentive pay.
Chipmaker from Taiwan, UMC, has cut CapEx as it worries about a global economic recession, lead by energy insecurity, the war in Ukraine, and inflation.
The second-largest U.S. bank, led by Brian Moynihan, earned 81 cents a share vs. analysts' expectations of 77 cents per share in the third quarter of the year.
The bank set aside $808 million in reserves, as the U.S. Federal Reserve's efforts to cool the economy through interest rate hikes have stoked fears of an economic downturn.
The Swiss bank's debt buyback plans come in an effort to calm market jitters related to its financial health. Credit Suisse shares jumped more than 10% on Friday.
Global fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022, according to KPMG's Pulse of Fintech report
Treasury Secretary Janet Yellen sees inflation coming under control next year due to a variety of factors. Those factors include investments in clean energy.
KeyBank says that mortgage customers have become the victims of a hacker who grabbed personal information from a third-party provider.
Dan Price announced on Twitter that he was stepping down as CEO of credit card processing company Gravity Payments so he could fight "false accusations" of assault.
Three former JPMorgan Chase were acquitted of racketeering and conspiracy charges in a futures manipulation trial. Two were found guilty on other charges including fraud.
Jean-Yves Fillion, BNP Paribas USA CEO, detailed the economic "headwinds" facing his bank and other companies amid an inflationary environment and the conflict overseas.
Bitcoin has been sliding since May, dipping below it's 200-week moving average. Financial specialists believe it will take up to a year for the cryptocurrency to recover.
Second-quarter earning reports for big financial firms were mixed as Goldman Sachs reported a better-than-expected $7.39, or a 2.5% gain
Bank of America's second quarter profit fell to $6.2 billion, or 73 cents per diluted share, compared to $9.2 billion, or $1.03 per share, during the same period a year ago.
Revenue at the global markets unit, which houses Goldman's trading desks, jumped 32% to $6.47 billion, with fixed income, commodities and trading revenue surging 55% and equities revenue adding 11%.
Regions Financial has been accused in a lawsuit of allegedly overcharging fees and mismanaging a trust.