Banking and Financial Institutions – Page 197

The Crypto Industry Struggles for a Way Forward After FTX Collapse

The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.

By David Yaffe-Bellany

Banking and Financial Institutions Federal Reserve Bank of Chicago Federal Reserve System Goolsbee, Austan D Inflation (Economics) United States Economy University of Chicago

Economist Austan Goolsbee Is Named to Lead the Chicago Fed

A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.

By Jeanna Smialek

Banking and Financial Institutions Bankman-Fried, Sam Bankruptcies Bitcoin (Currency) Bitfinex Committee on Foreign Investment in the United States (CFIUS) Compensation for Damages (Law) Credit and Debt Frauds and Swindling Futures and Options Trading High Net Worth Individuals HK FTX Trading Ltd (Futures Exchange) New York Times News and News Media Ponzi and Pyramid Schemes Regulation and Deregulation of Industry Sorkin, Andrew Ross Stocks and Bonds Suits and Litigation (Civil) United States Venture Capital Virtual Currency

Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

By The New York Times

Banking and Financial Institutions Federal Reserve System Government Bonds Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy Wages and Salaries

Powell says that rates will rise more and remain high ‘for some time.’

The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.

By Jeanna Smialek

mosaec