NEW YORK/LONDON, June 10 (Reuters) – Crispin Odey, one of Britain’s best-known hedge fund managers, is to quit the company he founded, Odey Asset Management, following allegations of sexual misconduct, the company’s executive committee announced on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations from 13 women that Odey … Read more
June 9 (Reuters) – Tesla (TSLA.O) jumped nearly 7% on Friday after General Motors (GM.N) joined Ford (FN) in agreeing to use its electric vehicle charging network, a big victory that analysts say could make Tesla Superchargers an industry standard in the United States. The rare partnership between three of America’s largest automakers ensures that … Read more
(1/2) The Binance US logo is seen on a booth during the Bitcoin 2022 conference in Miami Beach, Florida, U.S., April 6, 2022. REUTERS/Marco Bello/File Photo June 8 (Reuters) – Crypto exchange Binance.US said on Thursday it was suspending U.S. dollar deposits and banking partners were preparing to suspend fiat dollar withdrawal channels as of … Read more
(1/2) Coinbase CEO and co-founder Brian Armstrong speaks during the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson June 7 (Reuters) – Coinbase (COIN.O) Chief Executive Brian Armstrong hit back at U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on Wednesday over the agency’s lawsuit against the … Read more
NEW YORK, June 6 (Reuters) – The U.S. Securities and Exchange Commission sued Coinbase (COIN.O) on Tuesday, accusing the largest U.S. cryptocurrency exchange of operating illegally because it failed to been registered with the regulator. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its lawsuit against Binance, the … Read more
Credit Suisse to merge with UBS after deal closes New group will oversee $5 trillion in assets UBS CEO warned of painful decisions ahead UBS CEO: still analyzing plan for Credit Suisse’s domestic business UBS shares showed a slight rise in premarket ZURICH, June 5 (Reuters) – UBS (UBSG.S) plans to complete its takeover of … Read more
ZURICH, June 5 (Reuters) – The takeover of Credit Suisse (CSGN.S) by UBS Group (UBSG.S), organized by the Swiss authorities to avoid a wider banking crisis, is expected to be formalized as early as June 12, the the bank said Monday. The completion of the combination marks the final chapter for the 167-year-old institution after … Read more
NEW YORK, May 30 (Reuters) – U.S. prosecutors said on Monday they were opposing a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of having stole billions of dollars from clients to make up for his hedge fund’s losses. Bankman-Fried, the 31-year-old founder of FTX Trading, pleaded not guilty in … Read more
No fault on the part of the Temasek investment team The team, senior management took “collective responsibility” Temasek did not specify the amount of the reduced compensation May 29 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said it had cut pay for the team that recommended investing in now bankrupt cryptocurrency exchange FTX and senior management, … Read more
(1/3) The logo of insurer Allianz SE is seen on the company’s building in Puteaux, in the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau /File Photo Lloyd’s of London is the latest of the six to leave NZIA UN group warns ‘political attacks’ hurt insurers … Read more
