HSBC has agreed to acquire the UK arm of Silicon Valley Bank for a nominal fee of £1, following the collapse of the bank due to its specialization in lending to technology companies.
Shalanda Young, Biden’s director of the Office of Management and Budget, assured Americans that the banking system was “resilient” amid the collapse of the Silicon Valley Bank (SVP).
Andrew Stiles and his cousin Gray Stiles were charged with securities fraud and conspiracy to commit wire fraud after participating in an insider trading scheme with Kodak stock.
Sam Bankman-Fried was hit with new criminal charges on Thursday, in an expanded indictment accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to make more than 300 illegal political donations.
Charges brought against him by US prosecutors include wire fraud, conspiracy to commit commodities and securities fraud, conspiracy to commit money laundering, and campaign finance violations.
Shortly after FTX Digital Markets filed for Chapter 11 bankruptcy protection, Bahamian authorities seized $3.5 billion of digital assets from the failed cryptocurrency exchange, according to a statement late Thursday.
Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.
