Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …
Genesis crypto lending unit files for bankruptcy in the US Read More »
DAVOS, Switzerland, Jan 19 (Reuters) – In the snow and ice on the main street of Davos, the impact of the crypto winter is evident for WEF attendees. Last May, the dressed storefronts that line both sides of Promenade Street that runs through the Swiss ski resort were dominated by crypto companies, rolling in bitcoin. …
Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF Read More »
SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …
Brazilian court grants bankruptcy protection to retailer Americanas Read More »
Fed’s Bullard and Mester raise return rates U.S. retail sales tumble in December Indices down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% Jan 18 (Reuters) – Major Wall Street indexes fell on Wednesday after weak economic data and hawkish comments from Federal Reserve officials raised concerns that the central bank will not suspend interest rate hikes …
Wall St stumbles after weak data, hawkish Fed comments Read More »
40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s …
Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages Read More »
Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …
Goldman misses earnings estimates as deals slump and consumer business hits Read More »
Jan 17 (Reuters) – Bitcoin is in charge in 2023, dragging the crypto market to the ground and electrifying bonk, a new meme coin. The No. 1 cryptocurrency posted a 26% gain in January, surging 22% in the past week alone, climbing back above the $20,000 level and setting itself on course for its best …
BOJ under heavy pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More profits to come, many central bank speakers Britain’s FTSE flirts with a record SYDNEY/LONDON, Jan 16 (Reuters) – Stocks firmed on Monday as optimism over corporate earnings and the reopening of China feared the Bank of …
Stocks Rise, Yen Climbs as BOJ Battles Bond Bears Read More »
JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of …
S&P 500 closes at month’s high, indices gain for a week as earnings kick in Read More »
Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) began laying off staff on Wednesday as part of a sweeping cost-cutting campaign, with around a third of those affected …
Goldman job cuts hit investment banking and global markets hard Read More »
