Crypto Prices Crashed, but True Believers Are Holding On

A divide is growing between investors looking to make money and those who believe in crypto's mission. 


 
Fed's Bostic Says Economy Probably Isn't in Recession, More Rate Rises Needed

"There's a lot of demand out there, and so I think we're a ways away from a recession," the Atlanta Fed president said. 


 
Binance and FTX, Big Crypto Exchanges, Get Bigger

Both companies boosted their spot-trading market share amid the market downturn. "The future favors the big." 


 
How CFOs Are Preparing for a Potential Economic Downturn

Finance chiefs are confronting the uncertain economic outlook with plans to trim variable costs and delay projects, while continuing to raise prices to offset higher expenses. 


 
EY Split Plan Held Up by Debt Issues

Ernst & Young's effort to split its audit and consulting businesses has been slowed by a change in its U.S. leadership, as well as complications over its multibillion-dollar debts. 


 
Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U.S. Banking Insurance

The Federal Reserve and Federal Deposit Insurance Corp.issue a joint letter demanding Voyager cease and desist 'false and misleading' statements. 


 
Standard Chartered Announces Buyback After Profits Gain

Standard Chartered announced a $500 million share buyback after its second-quarter operating profit rose 6.5%, with underlying pretax earnings topping $1.3 billion, thanks to stronger interest income. 


 
BNP Paribas Delivers Second-Quarter Earnings Beat

BNP Paribas booked above-forecast sales and net profit for the second quarter, with revenue at its in corporate & institutional banking business rising almost 11%. 


 
BBVA Profit Beats Expectations

BBVA's second-quarter net profit more than doubled to an above-forecast EUR1.7 billion, on a 19% improvement in gross income. 


 
Swiss Re Profit Slumps, But Less Than Expected

Swiss Re reported a sharp drop in first-half net profit, with the bottom line hit by lower investment results and provisions related to the Ukraine war.


(END) Dow Jones Newswires

08-01-22 0015ET