City Manhattan Financial News

17.01 / 21:31

SEC Platform coinbase security President Amicus Courts Arguments Conclude in Coinbase and SEC Case, Judge Holds on Decision

Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC).

17.01 / 09:55

Blockchain Digital SEC Mobile Luna Schools Courts US SEC trial against Terraform Labs postponed to allow Do Kwon extradition

Terraform Labs and co-founder Do Kwon over an alleged $40 billion cryptocurrency fraud, to allow time for Kwon to be extradited so he can attend. In an order, US District Judge Jed Rakoff in Manhattan pushed back the trial to March 25 from Jan. 29, with no further delays even if Kwon were not extradited.

16.01 / 23:29

UPS Target CEO Caseys Trade reports Morgan Stanley’s new CEO Pick has wealth management in his veins

In his first earnings call with analysts, new Morgan Stanley CEO Ted Pick declared his financial advisor bona fides, saying that his family’s roots in the wealth management business balanced his background in investment banking and trading.

16.01 / 08:27

SEC Terraform Labs SEC Agrees to Postpone Terraform Labs Trial Pending Do Kwon’s Extradition

The U.S. Securities and Exchange Commission (SEC) has filed in agreement with Terraform Labs to postpone the civil trial against Do Kwon and his former company, amid ongoing extradition proceedings.

15.01 / 18:59

Blockchain SEC security Mobile Southern Luna Courts Extradition US SEC willing to delay Terraform Labs trial for Do Kwon's extradition

By Jonathan Stempel

13.01 / 10:25

markets UPS Art Action Courts Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby's cheated him

A Russian billionaire who accused Sotheby's of teaming up with a Swiss art dealer to cheat him of tens of millions of dollars became tearful while testifying in court and calling for more transparency in the art market

13.01 / 08:17

UPS CEO Software information reports Courts Fintech startup Carta embroiled in legal drama with former CTO

Carta was hit with a fiery lawsuit by its former chief technology officer, adding to an already chaotic month for the company. Ex-CTO Jerry Talton accused chief executive officer Henry Ward in a suit filed Friday of misusing Carta resources and called Ward “charismatic, but insecure and narcissistic,” also comparing him to Don Corleone from The Godfather.

11.01 / 20:05

markets BLOCK security Trade information Investigations International Morgan Stanley to Settle Block-Trading Probe with Up to $300 Million

Quiver Quantitative — Morgan Stanley (MS) is nearing a settlement of between $200 million and $300 million to resolve a U.S. investigation into its handling of large stock sales, known as block trades. This long-standing probe, which scrutinized the bank's practices that could significantly impact market prices, is set to conclude without criminal charges against the bank. The agreement, which involves federal prosecutors in Manhattan and the Securities and Exchange Commission (SEC), is expected to be announced soon. The penalty will be shared between the Justice Department and the SEC, marking a relief for investors who feared more severe repercussions for one of Morgan Stanley’s key units.

10.01 / 19:33

Target Immunic country Inside Courts Investigations US Senator Menendez asks judge to dismiss charges, says he is immune

By Luc Cohen

10.01 / 13:29

FIVE Art Discover Courts Relationships Billionaire vs. auction house $233M trial begins over ‘lost Leonardo’

Sotheby’s abused its “privilege, power and reputation” to help dupe a Russian billionaire out of millions of dollars as he amassed a world-class art collection, a lawyer for the businessman argued on the first day of a closely watched trial in New York.

10.01 / 10:22

markets Citi Art Landmark Hudson classical recommendations $2,400 Per Square Foot: Welcome to New York’s Priciest Neighborhood

On the Hudson River in lower Manhattan, the West Village exudes the charm of old New York—and homeowners are willing to pay a premium for that: The neighborhood’s 10014 ZIP Code has the city’s most expensive residential real estate as ranked by median price per square foot, at $2,366 in December, according to Realtor.com. (News Corp, owner of The Wall Street Journal, also operates Realtor.com.) One reason the ZIP Code’s square footage is so pricey is because much of the approximately 0.57 square mile neighborhood’s limited housing stock sits in a historic district. Demolition of existing structures and new construction are subject to review and approval of the Landmarks Preservation Commission.

09.01 / 19:55

Racing Pool Courts US Senator Menendez pushes back against Qatar-, Egypt-related charges

WASHINGTON (Reuters) — U.S. Senator Bob Menendez took to the Senate floor on Tuesday to declare his innocence on charges that he used his influence to help a businessman seek an investment from the Qatari government and conspired to act as an unregistered agent for Egypt.

07.01 / 18:32

Citi Extreme Parke ICE Experts end NOT Storm may not be wintry enough to end New York City's snow drought

By Joseph Ax and Brendan O'Brien

07.01 / 13:12

UPS Provident Target Booking love cover reports Infosys cofounder Narayana Murthy once slept on box in storeroom, reveals book | Details here

Narayana Murthy sleep on a large box in a windowless storeroom surrounded by cartons during a visit to the United States for work in the initial days. However, the client's own home had four bedrooms, the book “An Uncommon Love: The Early Life of Sudha and Narayana Murthy" published by Juggernaut Books revealed. Indian-American author Chitra Banerjee Divakaruni has come out with a biography covering the early days of Sudha Murty's and Narayana Murthy's lives that is replete with many such nuggets about the iconic couple.

07.01 / 05:57

COST security Duke cover reports gatherings rights King Charles to solve 'Andrew problem', likely to curtail funds as his brother gets included in Jeffrey Epstein’s ‘list'

reported. As per the publication, King Charles is now determined to solve the 'Andrew problem'. Andrew has consistently denied the allegations.

07.01 / 05:38

UPS Booking Action Courts rights OpenAI and Microsoft face another lawsuit over alleged copyright infringement by authors; here's what you need to know

OpenAI, under the leadership of Sam Altman, and tech giant Microsoft are in the spotlight facing a fresh class-action lawsuit. The lawsuit, filed by book authors, accuses both companies of utilizing copyrighted materials without permission to build a highly profitable AI system, triggering serious allegations of intellectual property theft. Nicholas Basbanes and Nicholas Gage, non-fiction authors, have taken the initiative to file a lawsuit in Manhattan federal court, representing a group of writers who claim their copyrighted works have been consistently appropriated by Microsoft and OpenAI. The lawsuit's central accusation compares the companies to common thieves, emphasizing their alleged infringement on intellectual property.

04.01 / 05:09

President social reports Courts Scandals Breaking down the Jeffrey Epstein case: 170 names revealed in newly released court docs | What comes next?

Jeffrey Epstein, Wednesday, revealed scandalous that involved the names of former US President Bill Clinton, and Britain's Prince Andrew among others. A federal court in New York made confidential documents related to Epstein public yesterday. The latest disclosure is part of a defamation proceeding between Ghislaine Maxwell (Epstein's former mistress), sentenced in 2022 to 20 years in prison, and a plaintiff against the duo, Virginia Giuffre.

03.01 / 18:48

Provident CEO JPMorgan President Celebrity social Courts Names of Jeffrey Epstein's associates set to be released

By Jonathan Stempel and Luc Cohen

02.01 / 21:42

SEC CEO Mobile Southern travelers US charges ex-fintech CEO who tried to buy Sheffield United with fraud

By Jonathan Stempel

01.01 / 13:24

Citi Provident Mobile Parke MSCI Department Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s

TOKYO—Big Japanese investors stumbled disastrously into the U.S. commercial real-estate market in the late 1980s, when they bought high-profile properties like New York’s Rockefeller Center not long before the market fell hard. Now some Japanese institutional investors and real-estate companies are back—but this time it isn’t about flaunting trophy purchases.

30.12 / 12:46

Cooper CEO Action FTX President Sam Bankman-Fried Unlikely to Face Second Trial, Say US Prosecutors – Here’s the Latest

US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX.

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