US banking regulator warns against crisis risk from fintech proliferation
NEW YORK, Sept 7 (Reuters) – The rise of fintech services and digital banking could spur financial risk and potentially a crisis in the long term,...
Tagged: FINE
Exclusive: China to fine Ant Group over $1 billion, signaling renewal nearing end sources
HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to fine Jack Ma’s Ant Group more than $1 billion, six sources with direct knowledge of...
Analysis: US banks pounce on fintech deals as valuations plunge
NEW YORK, Nov 17 (Reuters) – Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co ( JPM.N ), are...
Cryptoverse: So long, Solana? Ether Rival was beaten by FTX crash
Nov 15 (Reuters) – Solana, a poster coin for the crypto future, is in trouble. The cryptocurrency, which had been praised by FTX’s founder Sam Bankman-Fried,...
JD.Com fintech unit aims to win Beijing approval for HK listing as soon as year ends – sources
HONG KONG/SYDNEY, Nov 15 (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com ( 9618.HK ) aims to win Beijing regulators’ approval to list in...
EXCLUSIVE At least $1 billion of client funds missing from failed crypto firm FTX – sources
FTX founder Bankman-Fried secretly moved $10 billion in funds to trading company Alameda – sources Bankman-Fried showed spreadsheets to colleagues that revealed the change in funding...
Factbox: Sam Bankman-Fried: The crypto mogul whose empire crumbled
Nov 11 (Reuters) – Sam Bankman-Fried stepped down from his role as CEO of FTX on Friday, and the crypto exchange said it will enter bankruptcy...
Crypto markets in turmoil after FTX bankruptcy
Nov 11 (Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, following a liquidity crisis that has...
Crypto derivatives trading increases as investors hedge positions after FTX shock
Nov 10 (Reuters) – Trading volumes in bitcoin futures and exchange-traded funds (ETFs) have exploded as investors sought to hedge their positions following this week’s decline...
Analysis: FTX debacle prompts investors to rethink the battered crypto market
NEW YORK/LONDON, Nov 10 (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a...