The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world. Story Published at: June 9, 2023 at 04:06PM Continue Reading…
Their Crypto Company Collapsed. They Went to Bali.
Binance Halts Trading in Dollars on Its U.S. Exchange
Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week. Story Published at: June 9, 2023 at 06:44AM Continue Reading…
Binance Moved Billions Through Two U.S. Banks, Regulators Say
The S.E.C. shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies. Story Published at: June 7, 2023 at 09:10PM Continue Reading…
First Republic’s Troubles Reignite Fears of a Banking Crisis
The troubled lender is working on a lifeline, but time is running out. Story Published at: April 28, 2023 at 01:15PM Continue Reading…
Say Hi to SoFi. It’s Suing to Force You to Repay Student Loans Faster.
A self-styled “anti-bank” poached good customers from the federal loan system. When pandemic relief made that harder, it sued the government. Story Published at: April 22, 2023 at 08:00AM Continue Reading…
Why BuzzFeed Is Closing Its News Division
The publisher ultimately couldn’t surmount the challenges facing digital journalism — and many of its peers are still struggling as well. Story Published at: April 21, 2023 at 12:58PM Continue Reading…
Goldman Sachs Falters Amid Strong Earnings From Big Banks
The Wall Street giant’s latest financial results show how its push into consumer banking remains a drag on its overall business. Story Published at: April 18, 2023 at 01:23PM Continue Reading…
Banks Are Closing Customer Accounts, With Little Explanation
Increasing attention to suspicious-seeming transactions has led to some people suddenly losing access to their bank accounts. The reasons are often a mystery. Story Published at: April 8, 2023 at 08:00AM Continue Reading…
The Weird New War on ‘Woke’ Money
Who’s afraid of a digital dollar? And why? Story Published at: April 7, 2023 at 09:51PM Continue Reading…
Has Bitcoin Benefited From the Banking Crisis? Not in the Way Its Fans Hoped.
Bitcoin’s price has soared since banks failed this month, but there’s little evidence that the surge is being driven by investors treating the virtual currency as a financial alternative. Story Published at: March 31, 2023 at 10:00AM Continue Reading…