After turmoil in China set a negative tone, a Fed governor suggested the market was underestimating the chance that the central bank would have to keep raising rates.
Tag: Banking and Financial Institutions
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Idle Crypto Is the Devil’s Workshop
Sam Bankman-Fried’s downfall is spectacular and interesting, but it’s really nothing new.
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China Is Finally Trying to Fix Its Housing Crisis
After a year on the sidelines, Beijing this week took steps to get hundreds of billions of dollars into the hands of the country’s flailing real estate developers.
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Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
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Todd and Julie Chrisley, Reality TV Stars, Are Sentenced to Prison for Fraud and Tax Evasion
The stars of “Chrisley Knows Best” were convicted in June of conspiring to defraud banks out of more than $30 million and evading taxes for several years.