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Some respected financial industry participants had connections with the cryptocurrency exchange and are coping with the fallout alongside thousands of investors and backers.
November 30 - AB - Policy & Regulation
Acting Federal Deposit Insurance Corp. Chairman Martin Gruenberg was described even by Republicans as well qualified and experienced, but took heat for a year-old drama that led to the departure of the agency's former chairman.
November 30 -
Banks are developing technology to identify potential mass shooters, according to a CEO backing the push to get credit card companies to track gun purchases more closely.
November 30 -
LedgerX — one of the few corners of Sam Bankman-Fried's crumbled crypto empire that remain solvent — is preparing to make available $175 million for use in FTX's bankruptcy proceedings, according to people with knowledge of the matter.
November 30 -
The transaction, which would have created the country's largest custody bank, was derailed after regulators demanded certain changes. The seller said that it has no plans to find a new buyer for its investor services business.
November 30 -
Janet Yellen said Wednesday she intends to stay on as Treasury secretary in Joe Biden's administration, seeking to put to rest rumors of her departure following the midterm elections.
November 30 -
The Swedish buy now/pay later lender insists it is on a path to profitability, despite mounting losses.
November 30 -
In this month's roundup of American Banker's favorite stories: the National Credit Union Administration sets its focus on liquidity risk for 2023, an exclusive fireside chat with Venus Williams on pay equity, the Consumer Financial Protection Bureau's funding comes into question and more.
November 30 -
In a letter to Treasury Secretary Janet Yellen, Sen. Sherrod Brown, D-Ohio, said regulators should have supervisory authority over crypto activity.
November 30 -
Christopher Jordan was openly resentful of his colleagues on the JPMorgan Chase precious-metals desk for getting him fired. Now he's facing a fraud trial just like them.
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