Apollo Global Management balked at a last-minute rescue of FTX after learning billions of dollars in customer funds were unaccounted for and the exchange wasn’t able to provide legal justifications for the shortfall, a former top lawyer at Sam Bankman-Fried’s crypto empire testified.
US regulators voted Thursday to reinstate rules aimed at ensuring that everything on the internet is equally accessible — a principle known as net neutrality that has stoked debate and controversy across technology and telecom industries for more than two decades.
Oil rose in another volatile session as a deal expected to bring more Venezuelan crude to the market in the months ahead did little to assuage immediate concerns that the conflict in the Middle East will reduce supplies.
The Federal Reserve’s head of supervision wants to broaden the scenarios in annual stress tests to gauge whether big banks can weather shocks and still keep lending.
Intensifying Chinese pressure on Taiwan is prompting some equity investors to buck the trend and exit Taiwan Semiconductor Manufacturing Co.
The founder of the protest group that interrupted Federal Reserve Chair Jerome Powell’s speech in New York on Thursday called him a “climate criminal,” arguing he could be doing more to regulate banks that are financing fossil fuel investments.
Citizens Financial Group Inc. rolled out a private bank as it seeks to capture wealthy clients of regional lenders that were felled by the turmoil earlier this year.
Top executives at Skechers USA Inc. allegedly cost the footwear maker millions of dollars by hopping on corporate jets for personal jaunts to vacation hot spots such as Fiji, Bora Bora and Hawaii — and the company’s directors didn’t do anything to stop them.
Chicago earned an upgrade from Fitch Ratings Thursday thanks to the city’s improving economy and diminishing long-term debt burden.
Sri Lanka secured a staff-level agreement with the International Monetary Fund, paving the way for the nation to receive the next tranche of funding from its $3 billion bailout program.
