Hints and tips:
...From the SEC’s complaint: From the start of FTX’s operations in or around May 2019 until at least 2021, FTX customers deposited fiat currency (eg, US Dollars) into bank accounts controlled by [FTX’s affiliated...
...Users start with 500 “Mana”, an on-platform currency that can be redeemed as a charitable donation at M$100 per $1....
...No other bank in the state processed more loans than Gate City. At its headquarters in Fargo, the bank made three decisions. It would process all applications by order of arrival, not account size....
...In Nigeria, the central bank banned commercial banks from dealing with companies involved in cryptocurrency transactions — which quickly found a workaround using third-party accounts....
...“The US has already passed [its] pre-pandemic level of GDP,” says Erik Nielsen, chief economist at the Italian bank UniCredit....
...Well, there’s no need for us to imagine anymore....
...Working capital was impacted by longer DSOs as well as higher prepayments resulting in operating cash conversion of 68% vs. 83% last year....
...“Group will be able to trade within the level of its facilities for at least 12 months” after “taking account of reasonably possible changes in trading performance” according to the ‘going concern’ statement...
...Banking on Big Tech Google is talking to US banks about offering current accounts to its customers, accelerating Silicon Valley’s incursion into financial services after Apple’s credit card launch and Facebook...
...Tim Sloan thinks that Wells Fargo is “the best bank in the world”....
...None of this means that underlying earnings are shaky; credit quality is still very good, even at gaffe-prone Wells Fargo....
...The US is located across the ocean, and the UK is located far away, while we are right here, in this region, and the North Korean nuclear range is not far away from our border....
...“A stronger dollar and interest hikes from the US Federal Reserve resulted in a big currency sell-off [at the start of the year],” she says....
...Wells Fargo or Bank of America....
...At Metro, Mr Hill is out of the reach of the OCC, which regulates national banks in the US....
...The central bank revised its inflation target to 15 per cent, up from the previous goal of 8-12 per cent, raising inflation expectations in the market and sending the peso lower....
...Ohio, where Youngstown is located, had the second highest rate of drug overdose deaths in the US in 2016, after West Virginia....
...Instant-access savings accounts at Citi and Chase currently offer 0.04 per cent of interest a year, for example, while Wells Fargo and Bank of America are at just 0.01 per cent. 4....
...The Japanese yen was trading flat just above the ¥112 per dollar mark at ¥112.006 following the Bank of Japan’s interest rates decision....
...Three of the four biggest US banks by assets — JPMorgan Chase, Citigroup and Wells Fargo — are due to publish results on Thursday....
...Sign up to receive FirstFT by email here John Stumpf, the chief executive and chairman of Wells Fargo, the US’s third-largest bank by assets, will forfeit $41m in pay awards and some of his salary as the...
...Snap’s initial public offering will be the first in the US to issue shares with no voting rights at all....
...Private banks, which accept renminbi at home and issue US dollar loans abroad, as well as underground lenders, are also popular....
...Customer numbers actually increased by 5.8 per cent to 20.2 million, but total revenue per seat fell by 8.3 per cent in constant currency terms....
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