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Bankman-Fried gets 25 years in prison for FTX fraud
NEWS REGULATION AND LEGISLATION MAR 28, 2024
Bankman-Fried gets 25 years in prison for FTX fraud

'There is a risk that this man will be in a position to do something very bad in the future,' the judge says. 'And it’s not a trivial risk. Not a trivial risk at all.'

B. Riley gets extension to file audited financials
NEWS BROKER DEALERS MAR 28, 2024
B. Riley gets extension to file audited financials

The firm has been given until April 29 under its existing credit agreement with Nomura Holdings, it said in a filing.

AI is facilitating financial fraud, Treasury warns
NEWS REGULATION AND LEGISLATION MAR 28, 2024
AI is facilitating financial fraud, Treasury warns

Advances in artificial intelligence make it easier for criminals to impersonate customers and craft increasingly sophisticated email phishing attacks, according to a report.

New records for stocks as quarterly gain approaches
NEWS INDUSTRY NEWS MAR 28, 2024
New records for stocks as quarterly gain approaches

Global equities advance but markets await Fed inflation data.

No rush to cut rates, says hawkish Fed governor
NEWS INDUSTRY NEWS MAR 28, 2024
No rush to cut rates, says hawkish Fed governor

Christopher Waller says recent inflation data have been disappointing.

Blackstone CEO bullish on private credit
NEWS INDUSTRY NEWS MAR 28, 2024
Blackstone CEO bullish on private credit

Steve Schwarzman eyes healthcare, real estate for expansion.

UBS boss gets $16M but bonuses are cut for traders
NEWS WIREHOUSES MAR 28, 2024
UBS boss gets $16M but bonuses are cut for traders

Despite challenging conditions, the bank has posted a record profit.

Stocks subdued as market seeks catalysts
INVESTING EQUITIES MAR 27, 2024
Stocks subdued as market seeks catalysts

It's a short week for many regions due to Easter weekend.

Trump Media is one of most expensive short trades right now
INVESTING EQUITIES MAR 27, 2024
Trump Media is one of most expensive short trades right now

Former president's public company was launched via a SPAC this week.

Crypto industry rattled by hack that stole $63M in tokens
NEWS INDUSTRY NEWS MAR 27, 2024
Crypto industry rattled by hack that stole $63M in tokens

It's one of the biggest security incidents of the year.