Sunday, December 22

Tag: credit

Sam Bankman-Fried Won’t Face a Second Criminal Trial
30Dec By adminNo Comments
World

Sam Bankman-Fried Won’t Face a Second Criminal Trial

Federal prosecutors said Friday that they wouldn’t try Sam Bankman-Fried on additional criminal charges that weren’t part of the fall trial that resulted in the FTX founder’s conviction for fraud related to the collapse of his crypto exchange.The move, announced in a letter to the presiding judge, clears the way for the FTX founder to be sentenced on March 28. A second trial would have delayed that sentencing, and Bankman-Fried already faces the possibility of decades in prison.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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2024 Could Be the Year of the Yen
29Dec By adminNo Comments
Money

2024 Could Be the Year of the Yen

The Japanese yen has been one of the worst performing currencies of the past couple of years. It could do better in 2024.The yen has lost around 20% against the dollar since the end of 2021, underperforming other major currencies. Japan’s central bank kept its ultralow interest rates while most of its peers have been raising rates aggressively. Higher yields outside of Japan have driven the currency lower and lower.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What Did Wall Street Get Right About Markets This Year? Not Much
29Dec By adminNo Comments
Money

What Did Wall Street Get Right About Markets This Year? Not Much

Updated Dec. 29, 2023 12:07 am ETAlmost no one thought 2023 would be a blockbuster year for stocks. They could hardly have been more wrong. The Federal Reserve raised interest rates at the fastest clip since the 1980s, a regional banking crisis felled Silicon Valley Bank, and war broke out in the Middle East. Yet stocks kept climbing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Singapore Fines Credit Suisse for Bankers’ Misconduct
28Dec By adminNo Comments
Money

Singapore Fines Credit Suisse for Bankers’ Misconduct

Dec. 28, 2023 12:08 am ETSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore said in a statement on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Singapore Fines Credit Suisse for Bankers’ Misconduct
28Dec By adminNo Comments
World

Singapore Fines Credit Suisse for Bankers’ Misconduct

Dec. 28, 2023 12:08 am ETSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore said in a statement on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Construction Loans, Like Holiday Guests, Might Hang Around Too Long
26Dec By adminNo Comments
Money

Construction Loans, Like Holiday Guests, Might Hang Around Too Long

Dec. 26, 2023 10:00 am ETThroughout 2023, there were a lot of tough headlines about commercial real estate: Vacant offices. Falling apartment rents. Fire-sale prices. So why did banks’ loans to that market grow this year?So-called CRE loans at banks are up over 3% over last year, versus a more than 1% decline in general commercial-and-industrial corporate lending, according to weekly Federal Reserve data through Dec. 6. CRE loans’ rise was just shy of the increase in loans to consumers. And within CRE, construction-and-land development lending was up over 9%, growing almost as much as credit-card loans.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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