Troubles at Sam Bankman-Fried's Alameda Began Well Before Crypto Crash
The trading firm took big gambles, winning some and losing plenty. Mr. Bankman-Fried remained deeply involved even after stepping down as CEO. There was a "complete lack of a risk-management framework that they could articulate in any meaningful way," said one potential partner.
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
The Securities Commission of the Bahamas says it is awaiting guidance from a local court on what to do with assets seized from FTX Digital Markets.
Investors Remain on Edge After Brutal Markets Year
The Federal Reserve is looming over the debate on what is ahead in 2023.
Retiring Fed President Challenged the Consensus Inside Central Bank
Kansas City's Esther George is leaving next month after 40 years at the regional Fed bank
Three Arrows' U.S. Co-Founder Can Be Subpoenaed Via Twitter, Judge Rules
Liquidators are allowed to subpoena the crypto hedge fund's co-founder Kyle Davies via Twitter and email, though not fellow co-founder Su Zhu, who isn't a U.S. national or resident.
China Regulator Says Futu, Up Fintech Violated Laws
China's securities regulator said two Nasdaq-listed online brokers violated its domestic laws by allowing customers on the mainland to make cross-border trades.
Seaside Equity Closes Second Lower Midmarket Fund With $325 Million
The San Diego, Calif.-based firm surpassed the fund's $225 million goal at a difficult time for private-equity fundraising.
China's Covid Easing and Policy Pivots Brighten Outlook for Stocks
Investors expect a bumpy ride as China rapidly unwinds pandemic restrictions and refocuses on economic growth.
Japan's Banks Get a Shot in the Arm
A tweak to Japan's "yield curve control" interest-rate policy has lit a fire under the country's financial stocks.
Mortgage Rates Record Biggest Calendar-Year Increase in 2022
The rise in borrowing costs this year has ended a housing boom that drove up prices.
(END) Dow Jones Newswires
01-02-23 0015ET
