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Cryptocurrency

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...
Banking

India’s Axis Bank investment banking unit co-CEO Negandhi resigns – internal memo

Brochures are seen at a branch of Axis Bank in Mumbai, India, January 22, 2018. REUTERS/Danish Siddiqui/File photo Acquire Licensing RightsNEW DELHI, Sept 15 (Reuters) - The co-CEO of Axis Bank's (AXBK.NS) investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday.The investment bank will likely tap an outside candidate for Negandhi's role, two sources with direct knowledge of the matter told Reuters.Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo.Negandhi...
Banking

Norway fund wants more women on boards, concerned about excessive CEO pay

The trading floor of Norges Bank Investment Management, the Nordic countryÕs sovereign wealth fund in Oslo, Norway, June 2, 2017. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsFund is world's single largest stock market investorWants more women on boards, eyes developing countriesConcerned about larger pay packages for CEOsARENDAL, Norway, Aug 18 (Reuters) - Norway's $1.4 trillion wealth fund, the world's single largest stock market investor, is to step up pressure on the companies it invests in to have more women board members and to also reduce excessive executive pay, a top fund...
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