THE top US banking regulators stepped up their warnings to banks on the liquidity risks tied to stablecoin-related reserves and other funding sources from crypto firms.
SAM Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday (Feb 23) in Manhattan federal court.
NEW York and US federal finance regulators have opposed the US$1.02 billion deal by Binance.US to purchase assets of defunct crypto lender Voyager, CoinDesk reported on Thursday (Feb 23), citing Securities and Exchange Commission (SEC) filings.
GERMAN reinsurance giant Munich Re said on Thursday (Feb 23) that it booked a better-than-expected profit in 2022, despite costly claims for natural disasters and the war in Ukraine.
THE World Bank’s executive board expects to select a new president by early May after last week’s news that David Malpass will leave the top job well before his contract ends in April 2024, the bank said in a statement late on Wednesday (Feb 22).
THE Australian dollar rebounded on Thursday after hitting a fresh six-week low, as Federal Reserve minutes reinforced fears that US rates would be raised higher for longer, while the kiwi improved on a hawkish local rate outlook.
SOUTH Korea’s central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted run of hikes for a year.
BINANCE Holdings is shifting to a “semi-automated” process for handling the reserves that back tokens it issues, following years of mismanagement in which reserves were mixed with other customer funds and at times appeared to be partially missing.
THE World Bank raised US$50 million through a bond structure it describes as unique and free from greenwashing — a growing concern among investors — and said it is lining up more of these deals for later this year.
WELLS Fargo & Co laid off hundreds of mortgage bankers this week as part of its recent strategic shift, CNBC reported on Wednesday, citing people with knowledge of the matter.
