LONDON (Reuters) – Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sale of its stake (…)
(Reuters) – Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million to settle a lawsuit claiming it stuck ordinary investors in its popular target-date retirement funds with surprisingly large tax bills. A preliminary settlement (…)
LONDON (Reuters) – The CEOs of Goldman Sachs and Morgan Stanley said on Tuesday they expected corporate dealmaking to pick up in 2025, while the CEO of Apollo Global Management said he expected a presidential victory by Donald Trump would (…)
(Reuters) – A former longtime general counsel to Moody’s was sentenced by a New Jersey federal judge on Thursday to 8 months in prison for willfully failing to file personal federal income tax returns. Federal prosecutors said John Goggins earned (…)
(CryptoSlate) Hong Kong authorities expect to license more crypto exchanges before the end of this year, according to Financial Secretary Paul Chan. At the ongoing Hong Kong FinTech Week, Chan stated that the Securities and Futures Commission (SFC) is actively (…)
NEW YORK (Reuters) -Former cryptocurrency executive Nishad Singh, who once shared a $35 million Bahamas penthouse with FTX founder Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former (…)