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FDIC proposes more scrutiny of bank mergers
Deals to create banks with $100 billion or more in assets would see greater focus on anti-money laundering and financial stability. Smaller mergers would weigh the impact to local communities.
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FTX CEO says Bankman-Fried lives ‘life of delusion’
In his victim impact statement, John Ray III told Judge Lewis Kaplan that FTX’s estate was “a metaphorical dumpster fire” when he joined the firm at bankruptcy.
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Barclays to cut hundreds of investment bank jobs: report
The upcoming reduction is a result of the bank's annual culling of low performers, sources told Bloomberg, and comes a week after the CEO said the unit was "a step behind."
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U.S. Bank to pay $6M to settle CFTC WhatsApp probe
The penalty comes a month after the SEC ordered the Minneapolis-based bank to pay $8 million over record-keeping failures and alleged use of off-channel communications.
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JPMorgan is still stuck on soccer
The bank, which saw blowback when it aimed to finance a breakaway European soccer league, has created a "sports investment banking coverage" team, Reuters reported Tuesday.
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He could get 5 years. He could get 100. For how long will Sam Bankman-Fried go to prison?
Ryan Lee O'Neill, a New Jersey-based defense attorney, has represented countless defendants in the FTX founder's place. She has her own estimates.
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Varo hires Zillow, Amazon alum as next CFO
The fintech will tap Allen Parker’s financial acumen as it looks to return its path to profitability following a rocky 2023.
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