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Big Banks' Earnings Had Some Bad News for Smaller Banks
Regional lenders due to report results this week will likely be hit harder by rising deposit costs. Source link
Binance Cuts Back Employee Benefits, Citing Decline in Profit
The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items. Source link
Hong Kong Is Bullish on Crypto. Its Banks Aren't So Sure.
Crypto CEOs used to talk about disrupting the financial system. Now some of them are struggling to find a bank. Source link
Andreas Gerber leaves Credit Suisse
Andreas Gerber, Head of Corporate Banking and member of the Executive Board of Credit Suisse (Switzerland) Ltd., is leaving Credit Suisse and will take a
UBS to retain EY as auditor after Credit Suisse takeover- FT By Reuters
© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at the company’s office at the Bahnhofstrasse in Zurich in this July 1,
Credit Suisse inquiry will keep files secret for 50 years By Reuters
2/2 © Reuters. FILE PHOTO: The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023.
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for
Unions Park Their Cash at This Bank. Will They Stick Around?
Amalgamated has big paper losses and a large number of uninsured deposits. Source link
U.S. Virgin Islands Seeks $190 Million From JPMorgan Over Epstein Suit
The U.S. Virgin Islands filed the lawsuit last year alleging that the bank ignored red flags about Jeffrey Epstein’s behavior because he was bringing in
Binance Lays Off Over 1,000 Employees
The giant crypto exchange, is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and