By Tom Wilson and Hannah Lang LONDON/WASHINGTON(Reuters) -The world’s biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the U.S. Securities and Exchange Commission (SEC), which alleged in a June 5 court filing that the firm operated a “web of deception” that included artificially inflating its…

(Reuters) – The Australian corporate regulator said on Tuesday that it had urged companies to make full disclosures of impact of COVID-19 and rising interest rates on asset valuations in their upcoming full-year and half-year results. The Australian Securities and Investments Commission (ASIC) said in a statement that directors should…

By Trevor Hunnicutt WASHINGTON (Reuters) -The deal to end the United States’ debt limit standoff was classic Joe Biden politics: eke out a narrow compromise from an ugly beginning and declare victory. Biden’s pact with Republican Kevin McCarthy suspends the $31.4 trillion U.S. debt ceiling, avoiding an economic crisis, in…

The Federal Reserve faces many distractions right now, from curbing inflation to keeping a vulnerable mid-size banking sector from roiling the financial system. But there’s one threat on the horizon that dwarfs them all. That’s the threat of a future quantum computer attack on our financial sector. It’s a threat…

Apple unveiled its long-awaited “mixed reality” headset on Monday, in its most anticipated hardware product launch since Steve Jobs revealed the iPad in 2010.The gadget, called Vision Pro, will be available “early next year”. It combines virtual reality with augmented reality, which overlays digital images on top of the real…

I had the honor of appearing at a May 2023 congressional hearing with Chair Elizabeth Warren, Ranking Member John Kennedy, and distinguished members of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. My testimony was based on three decades of experience consulting and training professionals at banks…

Commercial real estate loans outstanding have grown slightly over 100% in a decade. CRE borrowers took advantage of the incredibly low interest rates, an economy recovering from the Global Financial Crisis, and banks that in too many cases were less than diligent in underwriting loans. Presently, the amount of commercial…

Last year, India was battered by heat. Temperatures soared above 49°C (120.2°F) in some parts, setting records for March and April. This kind of blistering heat is almost unliveable. “Our heads feel like they will explode,” Hema, a landfill worker outside Delhi, told The New Yorker. Climate change made the…

Small businesses are known to drive the U.S. economy and according to the Small Business Association, make up 99.9% of all U.S. businesses. As Small Business Month comes to a close, it’s more important than ever to recognize the headwinds they face in today’s economic environment, especially when it pertains…

The year 2023 has been a tough one on the banking sector. First, Silicon Valley Bank failed in March 2023, only to be followed in due course by Signature Bank SBNY and the seizure of First Republic Bank FRC in May 2023. For the majority of depositors, whose deposits are…