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Interactive: Here are the politicians who received money from FTX’s Sam Bankman-Fried
Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40…
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Government hits back at ‘race to the bottom’ claims as battle over future of City rules rages on
Chief secretary to the Treasury John Glen has hit back at critics of the government’s ‘Big Bang 2.0’ plans for…
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FTX’s bankruptcy triggers global squabbles over ownership and control of crypto firm’s assets
The collapse of cryptocurrency exchange FTX has opened a hornet’s nest of squabbles between foreign governments and its new US chief executive,…
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Sam Bankman-Fried Chucks the Crisis Communications Playbook
Sam Bankman-Fried sat for news interviews this week about the collapse of FTX, the cryptocurrency exchange he co-founded and once…
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U.S. COVID cases are climbing again as new omicron variants spread
COVID-19 cases and hospitalizations in the U.S. are rising and intensive-care-unit beds are being filled again, in a trend that…
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Ex-Competition and Markets Authority boss faces conflicts ban as he takes consultancy job
The recently departed chief executive of the UK’s competition watchdog has been told he is not allowed to lobby the…
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Senate passes bill to prevent rail strike, rejects measure providing paid sick leave
The U.S. Senate on Thursday voted 80-15 in favor of a bill that would prevent a rail strike by imposing…
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TP ICAP registers crypto trading arm with UK regulator
London-based broker TP ICAP has become the latest institutional finance firm to get its crypto offering registered with the Financial…
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XPeng stock rockets toward record rally as bulls brush off bad results, outlook
The U.S.-listed shares of China-based electric vehicle maker XPeng Inc. skyrocketed Wednesday, as investors cheered changes in China’s COVID policy…
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Julius Baer hit with £18m fine over Russia dealings
UK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more…
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IMF head joins chorus calling on China to adapt COVID strategy as officials pledge to boost vaccinations among elderly
The head of the International Monetary Fund on Tuesday joined the chorus of people urging China to adopt a more…
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Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against…
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The Fintech Files: Fidelity cashes in on crypto mayhem, Cunliffe calls for regulation, FTX bankruptcy latest
The collapse of Sam Bankman-Fried’s FTX has shattered confidence in the crypto sector and, in some people’s eyes, presented it…
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Asset managers face divided regulation over ESG investing
The political divide over the role that environmental, social and governance factors should play in state pension investments stands to…
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Bahamas bear the brunt of FTX’s brutal collapse
NASSAU, Bahamas — Last year, an FTX executive walked into a bank office here and put $4.5m of the company’s…
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HSBC poaches ex-FCA comms boss Tom Willetts for private banking role
Former Financial Conduct Authority communications director Tom Willetts is joining HSBC as global head of communications for private banking and…
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FTX hires former regulators to investigate what led to the crypto giant’s bankruptcy
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to…
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FTX Hires Ex-Regulators to Investigate Firm’s Collapse
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to…
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Toxic combo of poor regulation and UK government’s reckless budget triggered pension blow-up, witnesses say in inquiry
A toxic combination of leverage, poor regulation and a reckless UK government budget drove the extraordinary blow-up of the pension…
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The SEC rule that stands to cost FTX crypto customers billions
Hal Scott is an emeritus professor at Harvard Law School and director of the Committee on Capital Markets Regulation. John…
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China’s three-week COVID case tally tops 253,000 and daily average is rising, government says
More than 253,000 coronavirus cases have been found in China in the past three weeks and the daily average is…
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Bank of England’s Jon Cunliffe doubles down on need for crypto regulation after FTX crisis
The Bank of England’s deputy governor Sir Jon Cunliffe has doubled down on the need to regulate cryptocurrency in the wake…
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Abrdn, Amundi, Aviva Investors: FTX collapse a ‘major setback’ for crypto uptake
Heavyweight fund groups including Abrdn and Aviva Investors said other big name investors that have steered clear of cryptocurrencies will be extra…
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Hunt postpones worst fiscal pain and hoped-for City reforms
On the whole, the chancellor’s Autumn Statement was rather understated. Jeremy Hunt unveiled a huge package of tax and spending…
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Pfizer and BioNTech updated booster shows strong results against new omicron sublineages in fresh analysis of data
A fresh analysis of data on the immune response generated by the bivalent COVID-19 booster showed strong results against the…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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Binance co-founder: UK is ‘most stressful’ country for crypto regulation
The co-founder of Binance says Britain is the “most stressful” country from the perspective of crypto regulation, as the exchange continues…
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Why BNY Mellon is piling into crypto
Bank of New York Mellon is now open for crypto business. The nation’s oldest bank said on 11 October it…
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Why London and the EU still need a financial services deal
Andreas Dombret is a former executive at the German central bank and a global senior adviser with Oliver Wyman Europe’s financial…
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Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday…
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U.K. Government Seeks Further Easing of Data Protection Rules
BRUSSELS—The U.K. government is considering revisions to a data-protection bill it proposed in July that would relax rules businesses must…
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Autumn Statement: Insurance bosses back Solvency II overhaul
Top insurance bosses have thrown their weight behind the government as it announces long-awaited reforms to the Solvency II regime which…
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Nancy Pelosi steps down as leader of House Democrats after two decades
Speaker Nancy Pelosi on Thursday said she will no longer serve as the top Democrat in the U.S. House of…
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Global tally of COVID cases rises in reversal of recent trend, led by Japan, South Korea and the U.S.
The global tally of COVID-19 cases rose 2% in the week through Nov. 13 from the previous week, according to…
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BoE ‘will need to extend’ gilt support, says ex-pensions minister
Former Conservative pensions minister Baroness Ros Altmann says it is “highly likely” the Bank of England will need to continue…
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FCA hunts for 15 crypto hires as new rules take shape: ‘We are recruiting at pace’
The Financial Conduct Authority is on the hunt for at least 15 people with crypto expertise across both junior and…
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Republicans clinch slim majority in House, likely signaling gridlock ahead
Republicans will take over the U.S. House of Representatives two years into President Joe Biden’s term, though their narrow majority…
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FCA chief warns fintech failures sit with bosses
Financial Conduct Authority chief executive Nikhil Rathi has warned that as finance becomes more digital, executives will still be on…
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FCA crackdown on greenwashing: ‘A matter of when, not if’
A Financial Conduct Authority crackdown on greenwashing among UK asset managers is “a matter of when, not if,” a partner…
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China locks down Peking University over one COVID case, showing commitment to zero-COVID policy
Chinese authorities have locked down Peking University after finding a single COVID case, evidence of their continued commitment to the…
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Top City lawyer rebuked by regulator after dangerous driving conviction
One of London’s top litigation lawyers has been rebuked by the solicitors’ watchdog following a conviction for dangerous driving. Boris…
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Deutsche Borse calls its first digital bond ‘the MP3’ for the securities services industry
Deutsche Borse became the first exchange to go live with digital issuances in Germany, under its post-trade service provider Clearstream.…
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City competition probe drags on as experts slam ‘mystery’ delays
A £3m probe into suspected anti-competitive practices across the City has stalled again, with compliance experts none the wiser as to…
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Ripple expands payments offering to Africa amid US regulatory pressure
Crypto firm Ripple Labs is to expand its cross-border payments offering to Africa, as it seeks to expand its global footprint in…
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Liz Truss U-turns on plan to scrap corporation tax increase
Prime minister Liz Truss announced a U-turn on the government’s plans to cut corporation tax, shortly after installing new chancellor…
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Banker bonus cap wasn’t working, says new Chancellor Jeremy Hunt
The UK government’s plan to remove the cap on City bonuses is going ahead, new Chancellor Jeremy Hunt confirmed. “I…
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Russian oil imports holding up, IEA says as it increases oil-demand view
More than 1 million barrels a day of Russian oil exports are set to be upended by Western sanctions expected…
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The Fintech Files: Institutional money will ‘drag us’ out of crypto winter, FCA goes on a hiring spree
Highlights from London’s Digital Asset Summit on 17 October included David Mercer, the chief executive of LMAX, talking about the…
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FCA backlogs set to continue as veteran enforcement head Mark Steward steps down
Regulatory experts are expecting a backlog in Financial Conduct Authority investigations to continue as the regulator’s veteran enforcement head Mark…
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Bank profits face fresh tax raid in bid to shore up UK finances
Chancellor Jeremy Hunt is weighing up the level of tax that should be applied to banks as he looks to…
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