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Marty Gruenberg will step down as head of the FDIC after findings of a toxic work environment put the regulator at the center of a heated political fight and fueled calls for his removal.
w/ @kjspeakstruth@benbain
https://t.co/dINj7cIj3q
Scoop with @Tschoenberg22 - US prosecutors widen their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder Gautam Adani https://t.co/G85GJJjCku via @business
Two years after FBI agents showed up at Andrew Left's home to seize computers and phones, the short seller who terrorized more than 100 companies describes what it’s like to feel hunted https://t.co/JS8lGQsX3a
SCOOP: FDIC backstopped billions held by Sequoia Capital, giant tech cos in SVB collapse. Story here w/ FOIA super⭐️ @JasonLeopold
https://t.co/CutXOXswKy
NEW: Treasury is studying ways it might temporarily expand FDIC coverage for bank deposits above $250k w/o formal consent from Congress
They **do not** yet view such a move as necessary but are preparing in case the situation worsens
w/ @sridinats
https://t.co/vKVVKCtOKo
What does the turmoil with SVB and Signature Bank mean for your money? Just how does FDIC insurance work--and when does it cover more than $250K? Answers on Bloomberg's Big Take podcast with @weskosova and @benbain. https://t.co/lJW9RBzJ8R
NEW: Silicon Valley Bank CEO Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failure https://t.co/3Taaj0HmRe
SBF’s Bahamas jail afforded him cable, AC and a toilet. But on Wednesday, he awoke, dressed and ate a PB&J on wheat toast. Then, before leaving Fox Hill for court to formally accept extradition, he said to staff, “Merry Christmas.”
https://t.co/SmvF1RpOfZ
Sam Bankman-Fried loved living in the Bahamas. And the island nation loved SBF and his crypto hopes.
Until the relationship fell under scrutiny.
“It was as if pirates had landed on our shores in hopes to find gold,” one local tour guide said.
https://t.co/2y6GNFQbAS
SCOOP: American and Bahamian authorities mull over bringing Sam Bankman-Fried to the US for questioning as a probe around his role in the FTX implosion intensifies. Bankman-Fried has been cooperating with Bahamian authorities, sources tell @business
https://t.co/eF1pNc56CL
Scoop: Sam Bankman-Fried is under investigation by the SEC for potential securities law violations.
This is in addition to SEC, CFTC probes into https://t.co/gRFin0VRz1, FTX US & Alameda Research.
Full story, with @olgakharif, on @TheTerminal
@alexnguyen2311 Thanks @alexnguyen2311 ! It was great having you on the team and you have an amazing career ahead of you! Really appreciate all of your work over the past 10 weeks