Customers Financial News

FTX founder Sam Bankman-Fried has begun testifying at his fraud trial, saying the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead

Banco de España, Spain’s central bank, is aligning with its European counterparts to introduce their customers to the possibilities of the digital euro, a central bank digital currency (CBDC).

₹329 to ₹346 per equity share with a total lot size of 43 shares. The total IPO size is ₹840 crore, which is completely an offer for sale (OFS). Blue Jet Healthcare is a specialty pharmaceutical and healthcare ingredient and intermediate company, offering niche products targeted towards innovator pharmaceutical companies and multi-national generic pharmaceutical companies.

Air India Express will focus on routes which have a higher component of price-sensitive customers and leisure travellers, airline's Managing Director Aloke Singh has said. Singh also said that Air India Express is not looking at spreading its capacity all over the country in the beginning and instead will first consolidate its presence on the existing routes.

Paytm Payments Bank Ltd and One97 Communications Ltd (OCL) are two different companies which operate not just at arm's length but «at farms» length, a top official of Paytm said on Saturday. In response to a question on the impact of the RBI banning Paytm Payment Bank Ltd (PPBL) from onboarding new customers, Paytm founder and CEO Vijay Shekhar Sharma during the company's second-quarter earnings call said that the company does not need incremental customers for the growth of credit business. "Paytm Payments Bank Limited and Paytm, which is OCL, are two very different companies not just at arm's length, I call it farm length now.

New York State Attorney General Letitia James is suing cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG) on charges of fraud in a lawsuit announced Thursday.

New York Attorney General Letitia James has filed a complaint against popular crypto exchange Gemini, crypto lending firm Genesis, and crypto investment company Digital Currency Group (DCG). 

Suresh Sadagopan, Founder, Ladder7 Financial Advisories, says: «There are two types of platforms. EOP1 is going to be an agent of the asset management companies and they will align with and integrate the platform with the asset management companies. The registrar and transfer agents will be charging the asset management companies and there will be no charge to the client. So this is one kind of platform. Then there is the other kind of platform, EOP2 where if people are doing some work with a stock broker and they want to continue there and they want to see all their transactions reflected in their Demat accounts, they can go through a stock broker and the stock broker will put through the transactions and will directly charge a certain fee as specified by SEBI under this regulation.» Let us begin with the execution only platform. We knew that the SEBI was about to come up with some guidelines and now they have clearly defined both the categories and the kind of work and implementation that they need to take care of. What exactly has been introduced in terms of norms for both EOP platforms? I will give some background.

Intuit TurboTaxis a tax software thattakes the complexity out of the tax code, helping people get the maximum refund they deserve. WithIntuit Credit Karma,a top-rated comprehensive personal finance solution, you can find the right financial products, make smart financial decisions, and stick to your long and short term financial plans.Intuit QuickBooks isa small business technology platform that helps small businesses grow and run their business all in one place, including managing their books, getting paid fast, managing capital, and paying employees with confidence.

Customers of the now-bankrupt cryptocurrency exchanges FTX and FTX.US are looking forward to the possibility of reclaiming more than 90% of their assets as part of an amended proposal. 

Zipcar has been slapped with a $300,000 fine after U.S. regulators found that the car-sharing company allowed customers to rent vehicles with open recalls, violating federal motor safety law

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.

Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange's operating partner in the UK by the Financial Conduct Authority (FCA). 

The crypto giant stopped accepting new UK customers at 5pm on Monday, according to a blog. Under Financial Conduct Authority rules introduced earlier this month, firms wishing to promote cryptoassets in the UK must, by law, be authorised or registered by the FCA, or have their marketing approved by an authorised firm. As an unregulated overseas firm, Binance engaged FCA-authorised firm Rebuildingsociety.com to review and approve financial promotions in compliance with the new rules.

crypto exchange FTX, on Monday said he had a lot of admiration and respect for FTX Co-founder and CEO Sam Bankman-Fried but over time, that «eroded». According to Singh, Bankman-Fried's frequent dipping into customers' funds was at times done «unilaterally» and was often «excessive.» Singh, who has already pleaded guilty, testified as the third week of Sam Bankman-Fried's criminal trial began in the US, according to CoinDesk. Singh testified that he learned two months before the crypto exchange blew up that it was improperly using customers' money. He said he knew around $8 billion of FTX customers' money had gone missing. «I had a lot of admiration and respect for him, but over time that eroded,» Singh said of Bankman-Fried, his friend from high school, CoinDesk reported. Singh said he «learned of a hole» in the company finances in September 2022. The hole was «enormous,» Singh said, adding that the funds were used by Alameda Research which is Bankman-Fried's affiliated trading firm «for a variety of venture investments, political donations, real estate purchases and other expenditures». «I had a lot of admiration and respect for him, but over time that eroded,» Singh told the court. The Bankman-Fried trial resumed with more prosecution witnesses. Like previous witnesses Alameda Research CEO Caroline Ellison and FTX Co-founder Gary Wang, Singh has also pleaded guilty to fraud and conspiracy counts. Last week, Wang told the court that FTX used hidden Python code to misrepresent the value of its insurance fund. FTX claimed in 2021 on Twitter that «the 5.25 million FTT (FTX tokens) we put in our insurance fund in 2019 now makes the fund worth over 100 million USD». However, former chief technology officer Wang

Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn't see demand in his industry falling off

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.

State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI has stated the reason. SBI UPI services are facing intermittent fluctuations due to technology upgradation activities, stated the PSU lender on social media. SBI WhatsApp banking: How to use, what services are available In one of the announcements on the social media X, SBI posts, «Dear customers, We have undertaken technology upgradation, due to which you may face intermittent fluctuations in Bank’s UPI services. We deeply regret the inconvenience which may be causing to you. We will update soon.» According to the SBI reply on X to one of the customers who was facing an issue since 3 days, “We regret the inconvenience caused to you. Our UPI services are facing intermittent fluctuations due to technology upgradation activities. Please retry and revert us for any further assistance.”

SBI post on X. Although the bank has not shared any update on the same till the time of writing this story. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Digital payment through UPI, which was launched in 2016, has seen a multi-fold jump.

Prada has teamed up with Axiom Space, a Texas-based commercial space company, to design spacesuits for the Artemis III mission, set to return humans to the Moon in 2025. The outfits are said to be a fusion of fashion and functionality, featuring a white design with blue stripes and red accents. This collaboration aims to not only enhance the aesthetic appeal of spacesuits but also ensure their advanced capabilities for space exploration. Artemis III Mission The Artemis III mission will be the first time humans set foot on the Moon since the Apollo 17 mission in 1972.

By Nupur Anand