Banking and Financial Institutions – Page 212

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

Bank of America Corporation Banking and Financial Institutions Capital One Financial Corporation Frauds and Swindling JPMorgan Chase & Company Mobile Commerce and Payments Personal Finances PNC Financial Services Group Inc Truist US Bancorp Warren, Elizabeth Wells Fargo & Company

Zelle Fraud Victims Are in Line to Receive Reimbursements

A rule change planned for early next year would shift liability for some losses onto the banks, not their customers.

By Stacy Cowley

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