FTX co-founder Sam Bankman-Fried is laying the groundwork for a defense that argues he relied upon the advice of a prominent Silicon Valley law firm in taking many of the actions for which he is now facing fraud charges.
UK business confidence fell for the first time in three months as higher-than-expected inflation figures weighed on firms’ sentiment about the economy, a survey by Lloyds Banking Group Plc showed.
Korea’s ambitions to become a developed market is spurring money managers to have second thoughts on whether such a move is a good idea — or even worth it.
Turkey’s economy was boosted at the start of the year by pre-election spending and strong household consumption. The rest of 2023 will probably be tougher as the newly re-elected president battles a cost-of-living crisis.
Australia’s tax office reported “significant concerns” to the nation’s police force as far back as 2018 after PricewaterhouseCoopers blocked its requests for more information about its involvement in the tax scandal that’s engulfed the consulting giant.
The US Treasury Department is seeking engagement with China while also sharpening the economic tools needed to counter what it sees as national security challenges, according to two officials, highlighting Washington’s dual message on its top competitor.
A Chinese fighter jet swerved in front of a US reconnaissance aircraft over the South China Sea in an “unnecessarily aggressive maneuver,” the Pentagon said, part of what a senior American official described as a pattern of more confrontational behavior in the region.
Wells Fargo & Co.’s former head of retail banking, Carrie Tolstedt, agreed to pay $3 million to settle a Securities and Exchange Commission case over misleading investors about a key metric the lender used to gauge success.
Democrats will deliver at least enough votes in combination with Republicans to guarantee House passage Wednesday night of the debt-limit deal between President Joe Biden and Speaker Kevin McCarthy, the party’s leader in the House said Tuesday.
The Federal Deposit Insurance Corp. on Wednesday will publish a comprehensive report on the health of the banking system in the period when Silicon Valley Bank and Signature Bank failed.
