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Exclusive: Bankman-Fried's FTX Parents Bought Bahamian Property Worth $121M

Exclusive: Bankman-Fried’s FTX Parents Bought Bahamian Property Worth $121M

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FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

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Europe rushes to fill up on Russian diesel before ban begins

Europe rushes to fill up on Russian diesel before ban begins

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LONDON, Nov 21 (Reuters) – European traders are racing to fill tanks in the region with Russian diesel ahead of the start of an EU ban in February as alternative sources remain limited. The European Union will ban imports of Russian petroleum products, on which it depends heavily for its diesel, by February 5. This …

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Regulators surround FTX as rival exchanges try to placate investors

Regulators surround FTX as rival exchanges try to placate investors

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Crypto.com CEO Says He Will Release Proof of Reserves Bitcoin stabilizes around $16,700 Binance CEO Plans ‘Industry Recovery Fund’ Small AAX exchange stops withdrawals NEW YORK, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies were under pressure on Monday after crypto exchange FTX’s dramatic collapse last week, as rival exchanges sought to reassure nervous investors …

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FTX scrambles for funds as regulators take action

FTX scrambles for funds as regulators take action

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SINGAPORE, Nov 11 (Reuters) – Regulators froze some assets of troubled cryptocurrency exchange FTX and industry peers rushed to limit losses on Friday amid worsening solvency problems of the company and increased control of its managing director, Sam Bankman-Fried. The week-long saga that began with a run on FTX, one of the biggest crypto exchanges, …

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FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

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Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …

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Frankfurt steps up efforts to move euro clearing from London

Frankfurt steps up efforts to move euro clearing from London

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LONDON, Nov 1 (Reuters) – Deutsche Boerse’s derivatives division (DB1Gn.DE) stepped up efforts on Tuesday to attract a larger tranche of multi-trillion-euro derivatives cleared from London to its Frankfurt base ahead of legislation expected from the European Union. Brussels compared the need to reduce the EU’s heavy reliance on London for euro derivatives clearing since …

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Sovereign bond market turmoil will spread well into next year: Reuters poll

Sovereign bond market turmoil will spread well into next year: Reuters poll

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BENGALURU, Oct 24 (Reuters) – Turmoil in global sovereign bond markets is set to linger for another six months to a year as central banks continue to raise interest rates to bring down inflation, according to a Reuters poll of investors. market strategists. More than a year after inflation first became a concern and just …

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Nasdaq halts IPOs of smaller Chinese companies as it investigates stock market rallies

Nasdaq halts IPOs of smaller Chinese companies as it investigates stock market rallies

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NEW YORK, Oct 22 (Reuters) – Nasdaq Inc (NDAQ.O) has stalled preparations for the initial public offering (IPO) of at least four smaller Chinese companies as it investigates short-lived stock market rallies from these companies after they debut, according to the lawyers and bankers who work on these stock launches. The stock trader’s actions come …

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EU offers to match UK move to boost trade in 'dark' stocks, documents show

EU offers to match UK move to boost trade in ‘dark’ stocks, documents show

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LONDON, Oct 21 (Reuters) – A curb on “dark” or off-exchange trading in shares in the European Union should be removed altogether to better compete with Britain, EU documents seen by Reuters showed on Friday. The documents set out the latest compromises between EU states on reforming the bloc’s “MiFID” securities law to catch up …

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