FTX's Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

U.S. prosecutors, in an indictment unsealed Tuesday, accused the crypto exchange's founder of a scheme to defraud customers and his hedge fund's lenders. 


 
FTX CEO Says Sam Bankman-Fried Released Crypto in Bahamas to Undermine Chapter 11

John J. Ray III, appearing before Congress, accused the FTX founder of seeking to undermine its bankruptcy process by aiding Bahamas authorities in a $100 million crypto transfer. 


 
Danske Bank to Pay $2 Billion to Resolve Estonia Money-Laundering Probes

Denmark's largest bank has agreed to pay about $2 billion to settle long-running probes into anti-money-laundering failures that led to hundreds of billions of dollars of suspicious transactions flowing largely unchecked through a former branch in Estonia. 


 
Tether to Phase Out Lending of Its Own Coins to Customers

The rapid growth of Tether's lending program had raised concerns about its ability to meet redemptions in a crisis. 


 
FTX CEO Details Mismanagement

John J. Ray III, who was hired to steer FTX through bankruptcy, made his first public comments on the crypto exchange's collapse at a congressional hearing. 


 
CFTC Sues Sam Bankman-Fried, FTX and Alameda, Alleging Fraud

The regulator alleges that FTX founder considered shutting down trading firm Alameda in September. 


 
Sam Bankman-Fried Says FTX's Law Firm Pushed for Bankruptcy

FTX founder Sam Bankman-Fried said in planned congressional testimony that the law firm representing the cryptocurrency exchange pressured him to seek chapter 11 bankruptcy protection for the company and picked its new chief executive, John J. Ray III. 


 
Hedge-Fund Bets Boost Huge Texas Teachers' Pension

Gains from Man Group and Citadel contributed to the $184 billion fund's performance. 


 
Slowing Inflation Could Intensify Fed Debate Over When to Stop Raising Rates

The Fed remains on track to lift interest rates by 0.5 percentage point on Wednesday to fight high inflation, but two straight months of moderating price pressures could complicate officials' deliberations over how high to raise rates early next year. 


 
Financial Services Roundup: Market Talk

Find insight on Bank of America's take on credit losses, the FDIC's board, and more in the latest Market Talks covering the Financial Services sector.


(END) Dow Jones Newswires

12-14-22 0015ET