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The Justice Department accused Los Angeles-based City National Bank on Thursday of discriminating against Black and Latino residents, requiring the bank to pay more than $31 million in what is the largest redlining settlement in history.
Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX.
U.S. prosecutors gave more details about the criminal charges filed against FTX founder Sam Bankman-Fried Tuesday, including an allegation that he made illegal campaign contributions totaling in the "tens of millions of dollars."…
Sam Bankman-Fried was also charged with violating campaign finance laws, a notable as Bankman-Fried was one of the largest political donors this year.
The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly" misuse customers' funds.
Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire.
With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers.
The report also found that the large banks who partly own Zelle have been reluctant to compensate customers who have been victims of fraud or scams.
The CEOs of the nation’s biggest banks were in for a second day of tough questioning from lawmakers Thursday, as Americans face inflation not seen since the early 1980s and a midterm election is only weeks away.
It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations.
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