Politics Dec 13 WATCH: U.S. Attorney's office gives update on the arrest of FTX founder Sam Bankman-Fried 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."…
Nation Dec 13 Former FTX CEO Bankman-Fried charged with wire fraud, money laundering 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.
Nation Dec 01 Former FTX CEO Bankman-Fried says he didn't 'knowingly' misuse customers' funds The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly" misuse customers' funds.
Nation Nov 14 FTX head Sam Bankman-Fried's downfall sends shockwaves through cryptocurrency 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.
Politics Oct 26 WATCH: Biden announces push to crack down on 'junk fees' amid high inflation 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.
Economy Oct 03 Senate report finds increasing cases of fraud, scams on Zelle 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.
Politics Sep 22 WATCH: Heads of major banks testify in Senate Banking Committee hearing 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.
Economy Aug 03 New cryptocurrency oversight legislation arrives as industry shakes 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.
Nation Jul 27 Mortgage company owned by Warren Buffett discriminated against Black and Latino homebuyers, DOJ says A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday.
Economy Jul 21 High mortgage rates, prices discourage buyers and chill housing market Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate.