When the messaging app’s founder, Pavel Durov, was arrested, he received a flood of support from a multitrillion-dollar industry that relies on it.
Category: Banking and Financial Institutions
How to Avoid Online Scams and What to Do if You Become a Victim
Here are tips on how to dodge some of the most devastating schemes and what to do if you or someone you care about becomes ensnared.
Scammers Are Targeting Older Americans and Their Retirement Savings
Criminals on the internet are increasingly going after Americans over the age of 60 because they are viewed as having the largest piles of savings.
Archegos Founder Bill Hwang Found Guilty on 10 Charges
The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.
Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
The Fed’s Preferred Inflation Measure Cools, Welcome News
The economy appears to be downshifting and price gains are moderating, as Federal Reserve officials creep closer to beating inflation.
Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
Portfolio managers have conflicting incentives as the economic and financial risks from climate change become more apparent but remain imprecise.
The Fed Holds Rates Steady and Predicts Just One Reduction This Year
Federal Reserve officials signaled that interest rates could stay higher this year as policymakers pause to ensure they’ve stamped out inflation.
Office Buildings’ Losses Are Growing, With More Pain to Come
The distress in commercial real estate is growing as some office buildings sell for much lower prices than just a few years ago.