New York Financial News

24.01 / 03:15

UPS Ex-Morgan Stanley fixer Rob Rooney: Brexit was like ‘unravelling a huge bowl of spaghetti’

When Rob Rooney stepped down as chief executive of Morgan Stanley’s international business in 2018, a note went out to staff saying he was relocating from London after more than two decades to take up a new senior role in the US.

23.01 / 20:31

regulation Bankruptcy NYDFS NOT NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”.

23.01 / 19:15

FTX NYDFS Financial Customers New York’s Chief Financial Regulator Mandates Firms to Separate Customers' Crypto Assets from Their Own

New York’s chief financial regulator plans to release new guidance that will mandate companies to separate their own crypto assets from that of customers'.

23.01 / 17:31

Binance Extreme Aware Signature Bank Binance Banking Partner Restricts Crypto Transactions to $100,000 and Above – Here’s Why

Binance, the world’s largest crypto exchange by trading volume, says it can no longer support USD deposits and withdrawals through SWIFT if the amount transferred is less than $100,000.

23.01 / 16:05

Goldman Sachs axes 600 bankers from its New York headquarters

Around 20% of Goldman Sachs' 3,200 job cuts hit its New York headquarters as the Wall Street bank rolled out its deepest round of redundancies since the 2008 financial crisis.

23.01 / 05:25

cryptocurrency Bitcoin price today crypto prices Top Cryptocurrency Prices Today January 23: Major cryptos in green, MCap breaches $1 trillion

Major cryptocurrencies traded in the green early on January 23 as the global crypto market cap rose 0.65 percent to $1.05 trillion, over the last day. The total crypto market volume over the last 24 hours decreased 13.93 percent to $52.11 billion.

22.01 / 23:17

business lending Digital Currency Group Bankruptcy hearing Genesis bankruptcy case scheduled for first hearing

The first hearing in Genesis Capital's bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case.

22.01 / 01:37

UPS Ethereum ETH Fighting coinbase Gemini Bitcoin Crypto Bull Run Bull run Ethereum prices Bitcoin and Ethereum Prices On Cusp of Igniting Sustainable Crypto Bull Run

The crypto market is on the verge of igniting a sustainable bull run. Bitcoin and Ethereum are on the verge of breaking through to new yearly highs, which could spark a more widespread crypto market rally in the coming weeks.

21.01 / 20:57

business Banks Financial Services Financial Systems U.S. home-loan banks lent billions of dollars to crypto banks: Report

The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, according to a report from The Wall Street Journal on Jan. 21.

21.01 / 14:19

Chase Crypto lender Genesis Crypto lender Genesis files for bankruptcy

Cryptocurrency lender Genesis Global Holdco and two of its lending subsidiaries filed for bankruptcy protection late on the night of 19 January in New York, the latest domino to fall after the failure of crypto exchange FTX.

21.01 / 09:53

business regulation FTX Court Bankruptcy SBF to forfeit $700M worth of assets if found guilty of fraud

According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud.

21.01 / 04:49

cryptocurrency scam Fraud FTX Fried Bankman-Fried assets of almost $700 million may be forfeited in FTX scam

Sam Bankman-Fried’s assets valued at almost $700 million will be subject to forfeiture if he’s found guilty of fraud, according to federal prosecutors leading the case against the FTX founder.

20.01 / 17:05

business Gemini lending community Genesis bankruptcy filing sparks various community responses

As the crypto lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York, members of the crypto community went on social media to express their thoughts on the matter.

20.01 / 15:59

veteran Evercore promotes advisory veteran Tim LaLonde to finance chief role

Investment banking firm Evercore Inc. appointed a company veteran from its US advisory business as its new finance chief as it looks to expand in Europe and Asia and increase its technology investments.

20.01 / 15:25

Blockchain regulation Gemini Digital Currency Group Bybit CEO offers clarity on exposure to Genesis, but community demands more

Genesis Global Trading, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX’s collapse. However, the focus of the crypto community has shifted toward other firms that had exposure to the lending firm.

20.01 / 07:57

business Digital Currency Group Bankruptcy Crypto lender Genesis Crypto lender Genesis files for bankruptcy

Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York,on Jan. 19.

19.01 / 16:25

Iraq Economy Reels as U.S. Moves Against Money Flows to Iran

BAGHDAD—Iraqis are blaming an unexpected culprit for a weakening currency that has caused the price of food and imported goods to rise: a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York.

19.01 / 16:15

Ethereum Platform Action Bitcoin Doge Shiba Inu Price is Off 11% at $0.00001118 As Crypto Pulls Back After DOJ Action - Should Buy SHIB on the Dip

Shiba Inu price appears to have taken a breather after a consistent push by bulls for slightly over two weeks. This pressure is not unique to SHIB, as Bitcoin price is down 2.2% in 24 hours to trade at $20,796, while Ethereum price is exchanging hands at $1,527 after sliding 3.3%. The most popular meme coin, DOGE is also in the red and trading at $0.081 after a 5.5% correction in 24 hours.

19.01 / 12:45

Coindesk Digital Currency Group genesis Top crypto Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?

Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX.

19.01 / 02:09

business UPS CEO FTX stake Media startup says it will buy back $10 million SBF stake: Report

Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up for what it is giving back.

19.01 / 02:09

business FTX Bankruptcy Sam FTX profited from Sam Bankman-Fried’s inflated coins: Report

Sam Bankman-Fried, the former CEO of the FTX crypto exchange, used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX’s sister company, Alameda Research, a New York Times report claimed on Jan. 18.

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