FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say

Federal prosecutors said the FTX founder victimized tens of thousands of people while orchestrating one of the largest financial frauds in history. 


 
Sorry Stock Bulls, the 'Wall of Cash' Isn't All Headed Your Way

Investors' hope that trillions of dollars in money-market funds will push stocks higher when the Fed cuts rates are misplaced. 


 
Morgan Stanley Names First Firmwide Head of AI

Jeff McMillan will lead the Wall Street titan's continued embrace of artificial intelligence across business lines. 


 
Phony Billionaires on Facebook Are Scamming Americans Out of Their Life Savings

A fake Bill Ackman, a bogus Cathie Wood and a false Steve Cohen are among the impersonators luring victims on social media, and their real-life counterparts can't keep up. 


 
We All Want Simpler Taxes. Here's Why That's So Complicated.

The U.S. tax code is mind-boggling in its complexity, but the hurdles to simplifying it are surprisingly high. 


 
Financial Services Roundup: Market Talk

Read about Ping An Insurance, Australian asset managers, ANZ's earnings and more in the latest Market Talks covering Financial Services. 


 
Corporate defaults are happening at fastest pace since financial crisis, according to S&P

Companies around the world are defaulting on their debt at the fastest pace since the global financial crisis as high interest rates and stubborn inflation continue to take their toll, according to a report from S&P Global Ratings. 


 
NYCB Sells $899 Million of Consumer Loans. The Capital Raising Journey Isn't Over.

Earlier this week, the regional lender announced the completion of a deal that gave it a $1.05 billion capital infusion. 


 
JPMorgan Hit With Nearly $350 Million Fine for Compliance Failures in Trading

Federal regulators allege that the bank didn't properly oversee and monitor trades that clients carried out through its systems. 


 
Robinhood Stock Jumps. Why the Crypto Rally Is to Thank-and More Gains May Come.

Trading volumes at Robinhood rose sharply in February. Retail investors are back and the crypto comeback could be only beginning.


(END) Dow Jones Newswires

03-15-24 1615ET