1412 ET -- FTX is one of the most talked-about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. According to a Wall Street Journal report, a group of employees quit Sam Bankman-Fried's trading firm Alameda Research in a power struggle amid concerns about risk, compliance and accounting in 2018, well before crypto exchange FTX grew out of Alameda. According to people familiar with the matter, the firm commingled trading capital with operating cash and had poor record-keeping. On Wednesday, Treasury Secretary Janet Yellen renewed her calls for tighter government oversight of cryptocurrencies. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
11-30-22 1434ET
