Category: Business

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FTX’s Sam Bankman-Fried Charged With Bribing Chinese Officials

Federal prosecutors said the FTX founder had instructed employees to pay $40 million to Chinese officials to help unfreeze accounts maintained by FTX’s sister company, Alameda Research.  » mehr lesen

SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.  » mehr lesen

Carlos Moreno Wanted to Improve Cities. Conspiracy Theorists Are Coming for Him.

Researchers like Carlos Moreno, the professor behind a popular urban planning concept, are struggling with conspiracy theories and death threats.  » mehr lesen

Banking Regulators Prepare for Tough Questions From Lawmakers

Three top officials will testify in Congress about the turmoil caused by the collapse of Silicon Valley Bank, and their role in it.  » mehr lesen

Congress grilled regulators on their actions before and after the failures.

The bank’s failure sent a shock across the financial system. On Tuesday, senators will grill officials from federal regulators about why it happened.  » mehr lesen

No Longer at Starbucks Helm, Howard Schultz Is the Focus at Labor Hearing

After giving up the chief executive’s job (again), Mr. Schultz still casts a long shadow over Starbucks’ policy, not least in fighting unionization.  » mehr lesen

China’s Cities Are Buried in Debt, but They Keep Shoveling It On

China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.  » mehr lesen

U.S. and Japan Reach Deal on Battery Minerals

While the terms of the deal are limited, the agreement appears to provide a model for resolving recent trade spats between the United States and some of its closest allies.  » mehr lesen

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