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Fed Chair Powell Welcomes Cooling Inflation
Posted inBanking and Financial Institutions Inflation (Economics) Interest Rates Labor and Jobs Prices (Fares, Fees and Rates) Supply Chain United States Economy Wages and Salaries

Fed Chair Powell Welcomes Cooling Inflation

Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market slow gently.
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Posted by By Jeanna Smialek
Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
Posted inAssets, Frozen Banking and Financial Institutions Bankruptcies Evolve (Bank) Federal Deposit Insurance Corp Regulation and Deregulation of Industry Synapse Technology

Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
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Posted by By Rob Copeland
Multibillion-Dollar Fraud Trial Against Archegos Founder Nears Its End
Posted inBanking and Financial Institutions Decisions and Verdicts Hedge Funds Hwang, Bill Securities and Commodities Violations

Multibillion-Dollar Fraud Trial Against Archegos Founder Nears Its End

Prosecutors and lawyers presented closing arguments in the case against Bill Hwang, who is charged with 11 counts including securities fraud and racketeering.
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Posted by By Matthew Goldstein
Apartments Could Be the Next Real Estate Business to Struggle
Posted inBanking and Financial Institutions Building (Construction) Credit and Debt Interest Rates Mortgages Prices (Fares, Fees and Rates) Real Estate (Commercial) Real Estate and Housing (Residential)

Apartments Could Be the Next Real Estate Business to Struggle

Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.
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Posted by By Joe Rennison and Julie Creswell

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