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News Highlights: Top Financial Services News of the Day

12/05/2022 | 12:16am EST
Credit Suisse's Investment Bank Spinoff Attracts Saudi Crown Prince 
 

Mohammed bin Salman could invest $500 million to back CS First Boston and CEO-designate Michael Klein.

 
Sam Bankman-Fried Says He Can't Account for Billions Sent to Alameda 
 

FTX's founder said he couldn't explain what happened to billions of dollars that customers of his failed cryptocurrency exchange sent to the bank accounts of his trading firm.

 
Clashes Over FTX Bankruptcy Go Global 
 

Squabbles are erupting around the world over who controls the insolvent company's cash and crypto assets.

 
Sam Bankman-Fried Chucks the Crisis Communications Playbook 
 

Instead of avoiding media attention, the former FTX chief has gone full-bore in trying to explain the sudden crash of the once-highflying crypto exchange.

 
Three Arrows Founders Ordered to Hand Over Records to Liquidators 
 

A U.S. bankruptcy judge ordered the founders of Singapore-based Three Arrows Capital to turn over records related to the failed cryptocurrency hedge fund's assets to its liquidators.

 
Cash-Hungry Companies Get Creative Raising Capital 
 

Dozens of companies have recently raised money through so-called structured private funding rounds, and bankers and lawyers say there are many more in the works.

 
When It Comes to Investments, the VIP Section Isn't Always Better 
 

Real estate and credit investments accessible only to certain investors have performed well, but also have some important limitations.

 
Tax-Loss Harvesting Comes With Hidden Risks 
 

Investors crushed by the volatile markets of 2022 use tax-loss harvesting to boost returns. But the tax strategy comes with pitfalls everyone should know.

 
Financial Services Roundup: Market Talk 
 

Find insight on bankrupt Celsius Network's GK8 business, Bank of Montreal's loan growth, Bank of America's outlook on equities and more in the latest Market Talks covering Financial Services.

 
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."


(END) Dow Jones Newswires

12-05-22 0015ET

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -0.41% 35.14 Delayed Quote.6.58%
BANK OF MONTREAL 0.53% 133.25 Delayed Quote.8.08%
CELSIUS NETWORK (CEL/USD) -5.69% 0.6227 End-of-day quote.31.07%
CHURCHILL CAPITAL CORP VII -0.08% 10.0516 Delayed Quote.0.90%
MSCI SINGAPORE (GDTR) -0.99% 5886.2 Real-time Quote.6.90%
TOP FINANCIAL GROUP LIMITED 1.69% 4.8 Delayed Quote.-3.28%
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