Business

Credit Suisse Accused of Violating Plea Deal by Concealing Secret Offshore Accounts

Senate Investigation Finds Credit Suisse Involved in Ongoing Tax EvasionCredit Suisse has been accused of violating a 2014 plea agreement…

2 years ago

Banks Face Financial Stress Due to Interest Rate Hikes and Withdrawal of Deposits

The Threat of a Banking CrisisThe global economy was paralyzed in 2008 due to banking problems, and the events of…

2 years ago

Lucid Group’s Restructuring Plan Leads to Layoffs of 18% of Workforce

Lucid Group, the US-based electric vehicle (EV) manufacturer, has announced that it will cut its workforce by 18% as part…

2 years ago

Virginia’s housing market witnesses high home prices and low inventory

Virginia's housing market has been experiencing high home prices and low inventory for a long time, causing stress for homebuyers.…

2 years ago

The Impact of Silicon Valley Bank’s Failure on Venture Capital Ecosystem and Banking Industry

Silicon Valley Bank (SVB) has long been known as the bank of choice for tech startups, but its recent failure…

2 years ago

FTX Founder Sam Bankman-Fried Charged with Directing $40 Million in Bribes to Unfreeze Cryptocurrency Assets

Sam Bankman-Fried, co-founder of cryptocurrency exchange FTX, has been charged with bribery by US prosecutors amid a wider crackdown on…

2 years ago

House Lawmakers Criticize Bank Regulators as Silicon Valley Bank Fails

Lack of Transparency Raises Concerns about Financial System SafetyHouse lawmakers tore into top U.S. bank regulators, criticizing their incompetence in…

2 years ago

FTX CEO Sam Bankman-Fried Pays for Legal Fees with Multi-Million Dollar Gift to his Father Funded by a Loan from FTX’s Sister Company

Sam Bankman-Fried, the founder and CEO of cryptocurrency exchange FTX, is preparing for trial in October on charges including wire…

2 years ago

US Stocks Close Q1 with Nasdaq Up 12%, S&P Up 3%, and Dow Lagging

US stocks edged higher as the first quarter of the year came to a close, with the technology-heavy Nasdaq Composite…

2 years ago

UBS’s CEO Sergio Ermotti to Lead Integration of Credit Suisse in $3.2 Billion Takeover

UBS, Switzerland's biggest investment bank, has brought back former CEO Sergio Ermotti to take charge of the integration process after…

2 years ago