Don’t confuse customers over stablecoins, Bank of England warns lenders
A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo...
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Europe needs bigger banks but mergers hard without banking union -Intesa CEO
Carlo Messina, CEO of Intesa Sanpaolo bank smiles during shareholders meeting in Turin, Italy, April 27, 2017. REUTERS/Giorgio Perottino/File Photo...
The other crypto bosses in US authorities’ crosshairs
Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry.But he's not the only one in regulators' sights. As token prices plummeted last year, the sector saw other stunning meltdowns that put several industry moguls into authorities' crosshairs.Investigations are not necessarily an...
U.S. regulators agree to ramp up oversight of systemically risky non banks
A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - U.S. regulators on Friday cleared the way to increase oversight of asset managers, hedge funds, and other non-banks that they believe pose risks to the financial system, reviving a tough new regime that had been sidelined under former President Donald Trump.The Financial Stability Oversight Council (FSOC), led by the Treasury Department and comprising other major agencies, also adopted a new framework...
UK’s faulty labour market means rates must stay high – BoE’s Haskel
A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON,...
Italy’s Intesa pledges to reward investors as it ups outlook
Intesa Sanpaolo bank logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsInterest...
Analysis: Traders bet ECB will be first big central bank to cut rates
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023....
Morning Bid: Stocks clocking best week of the year
A look at the day ahead in U.S. and global markets from Mike DolanMarkets are betting central banks are done...
Analysis: Central banks’ big pause spurs bruised bond investors to double down
US, UK, Norway keep rates unchangedRate pause plus high yields entice bond investorsSlowdown bets back on the tableLONDON, Nov 2...
Jury in FTX founder Sam Bankman-Fried’s fraud trial begins deliberations
NEW YORK, Nov 2 (Reuters) - The jury in Sam Bankman-Fried's fraud trial began deliberations on Thursday following a monthlong trial in which prosecutors accused the FTX cryptocurrency exchange founder of stealing billions of dollars of customer funds.Bankman-Fried is poised to learn his fate in Manhattan federal court nearly a year after FTX declared bankruptcy as its customers raced to withdraw their funds in a collapse that shocked cryptocurrency markets and obliterated the 31-year-old's fortune, once estimated by Forbes at $26 billion.Bankman-Fried has pleaded not guilty to two counts of...