Featured Archives • Page 933 of 1354 • Financial News

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Crypto scammer in ‘geniuses’ hack gets 18 months in prison

BY DAY, Nicholas Truglia led a lonely life from his luxury Manhattan apartment, playing video games and working out.

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FTX implosion prompts call for independent probe from DOJ arm

THE US Justice Department’s bankruptcy watchdog is calling for an independent probe into the collapse of FTX Group, saying a neutral party should investigate the cryptocurrency empire’s downfall.

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Barclays fined £8.4 million over lack of card fees transparency

BRITAIN’S Payment Systems Regulator (PSR) has fined Britain’s Barclays bank £8.4 million (S$13.9 million) for failing to give retailers full information about card costs, the watchdog said on Thursday (Dec 1).

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HSBC CEO ratchets ups cost-cutting target for next year

HSBC has identified US$1.7 billion of extra costs that can be stripped out next year, chief executive Noel Quinn said on Thursday (Dec 1), as the bank battles to improve returns amid calls for it to be broken up by its biggest shareholder.

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Deutsche Bank CEO says ECB not needed to run leveraged loans

DEUTSCHE Bank does not need warnings from its regulator to dial back the risk it faces in leveraged loans, its top executive said, adding to a chorus of bankers pushing back against what they see as excessive interference.

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SoftBank taps yield-hungry retail investors in Japan bond market

TECHNOLOGY giant SoftBank Group sold bonds to retail investors in Japan for the second time this year, underlining demand for juicier yields.

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UOB ups ante in deposit battle with rate hike on One savings account to 7.8%

THE battle for deposits has gone up another notch with UOB raising the interest rates on its flagship savings account following similar moves by rivals DBS and OCBC Bank.

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Crypto exchange Binance hires Donald Trump’s audit firm Mazars

DIGITAL asset exchange Binance Holdings has appointed accounting giant Mazars to verify its token reserves, as the meltdown of its former rival FTX triggered increased demand for more transparency from cryptocurrency exchanges.

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FTX’s Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

SAM Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestion of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars.

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Italy plans to tax crypto trading gains, expand disclosure

ITALY is set to toughen regulation of digital assets and expand taxation on crypto trading from 2023, following similar moves by countries such as Portugal.

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