Reuters US Money

By Hannah Lang and Elizabeth Howcroft (Reuters) – The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchange FTX is having a spillover effect on other players in the highly interconnected market. Genesis, which brokers digital assets for financial institutions like hedge …

Explainer-Crypto lender Genesis plagued by contagion concern after FTX blowup Read More »

By Huw Jones LONDON (Reuters) – The European Union’s securities watchdog on Friday proposed strict curbs on how investment funds are sold in the bloc if they tout environmental, social and governance (ESG) credentials to attract cash. ESG funds have grown in popularity in recent years and in the second quarter of this year accounted …

What’s in a name? EU watchdog cracks down on ESG investment funds Read More »

By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors. Here is what likely awaits in the case: WHERE DO THINGS STAND IN FTX’S BANKRUPTCY CASE? FTX had an unusually …

Explainer-What’s next in FTX’s bankruptcy Read More »

By Tom Hals (Reuters) – John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX, on Thursday laid out his assessment of the failures that led to the biggest collapse in the world of digital assets. LACK OF CONTROLS – “Never in my career have I seen such a complete failure of …

Factbox-FTX’s new CEO assesses the exchange’s failings Read More »

(Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. BlockFi and Genesis, two firms with exposure to FTX or its affiliated crypto trading firm Alameda Research, have suspended customer withdrawals as the market unpacks the extent of FTX’s reach. Other crypto firms …

Factbox-From Genesis to Voyager, crypto firms’ exposure to FTX is coming to light Read More »

By Mark Miller (Reuters) – A new report from the U.S. Senate Finance Committee documents a range of fraudulent and misleading marketing practices used to sell Medicare Advantage plans – and some of them are real eye-openers. A Medicare Advantage promotional mailer designed to look like a form from the Internal Revenue Service. A “Medicare …

Column-Warnings of Medicare fraud mount; here is how to avoid it Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and the Federal Reserve are likely to remain the market’s main drivers, investors said. Republicans were projected to win a majority in …

Analysis-Political gridlock may help U.S. stocks but inflation still in driver’s seat Read More »

By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors. Here is what likely awaits in the case: WHERE DO THINGS STAND IN FTX’S BANKRUPTCY CASE? A bankrupt company typically …

Explainer-What’s next in FTX’s bankruptcy Read More »