DOJ Watchdog Calls for Independent FTX Probe in Bankruptcy
A Justice Department official overseeing FTX's bankruptcy said the cryptocurrency platform's collapse is likely the "fastest big corporate failure in American history."
Collapse of FTX Draws Senate Hearing Scrutiny
Lawmakers should pass legislation that would impose strict rules on cryptocurrency exchanges- including rules to limit or prohibit the conflicts of interest that contributed to FTX's collapse-the chairman of the Commodity Futures Trading Commission said Thursday.
Blackstone Limits Redemptions From Real Estate Fund, Stock Falls
Blackstone Real Estate Income Trust said the amount of withdrawals requested in October exceeded its monthly limit of 2% of its net-asset value and its quarterly threshold of 5%.
Fed's Top Banking Regulator Signals Moves to Beef Up Capital Rules
Any action would potentially revisit financial rules that were eased during the Trump administration.
Credit Suisse Struggles to Win Back Investors
The Swiss lender's $4.2 billion share sale and sweeping restructuring were supposed to regain the market's confidence. Instead, more investors are betting against the bank.
Toronto-Dominion Bank Profit Rise Tops Expectations
Toronto-Dominion Bank reported a rise in profit in the fourth quarter of fiscal 2022, benefiting from strong performances by its largest segments and a strong U.S. dollar.
Supreme Court Agrees to Decide If Biden Administration Can Provide Mass Student-Loan Forgiveness
Justices set arguments for winter, putting matter on track to be decided in current court session.
Rising Tether Loans Add Risk to Stablecoin, Crypto
Tether reports hadn't disclosed that loans it issues are denominated and payable in the token. The rise in Tether's lending add risk to the crypto world.
With Debt Coming Due, Investment-Grade Companies Are Paying Up, Too
Corporate funding markets are thawing just in time for a year-end refinancing push. But higher interest rates have given CFOs cause to consider whether it's better to sell bonds now or turn to shorter-term options.
Deluge of Fraud Claims Adds to Concerns About Credit Scores
Some credit-repair companies file false identity-theft claims on behalf of consumers, often without their knowledge, to boost their scores. That's raised questions about how reliable the credit-reporting system really is.
(END) Dow Jones Newswires
12-02-22 0015ET
