September 22, 2023
FTX Lawsuits, Pressure Aim to Claw Back Billions

FTX is using legal action against various parties and other methods as part of its asset recovery efforts. Led by Chief Executive and Restructuring Officer John J. Ray, the bankrupt...

September 20, 2023
FedEx Expects Package Volume to Continue Slide

FedEx has reportedly been navigating the challenges in the parcel market and impressing investors on Wall Street.  Despite facing declining package volumes, the global courier and delivery service company’s stock...

September 20, 2023
Stanford Returns FTX’s Millions Following Suit Against SBF Parents

Stanford University reportedly intends to give back millions of dollars given to it by FTX. “We have been in discussions with attorneys for the FTX debtors to recover these gifts...

September 18, 2023
CE 100 Index Adds 0.8% as Bank Sector Surges Amid...

The Banking group, overall, was up 3.9%. And within that sector, several marquee names announced management changes or initiatives designed to revamp operations. Citi added 5.2%. As reported here, Citi said this...

September 17, 2023
Three FTX Celebrity Pitchmen Settle Investor Lawsuit

Three of FTX’s celebrity backers have settled a lawsuit filed by investors in the failed exchange. As Bloomberg News reported Friday (Sept. 16), Jacksonville Jaguars quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath...

September 17, 2023
SVB Capital Could Sell for $500 Million; Scaramucci Among Bidders

Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday (Sept. 15), citing sources familiar...

September 14, 2023
Crypto-Trading Firm Genesis Halts International Spot and Derivatives Trading

Cryptocurrency-trading business Genesis has stopped all its trading operations.  The company is closing its international spot and derivates trading operation, after shutting down its U.S. desk last week, CoinDesk reported Thursday (Sept....

September 14, 2023
Robinhood’s Monthly User Numbers Continue to Dip

Robinhood’s monthly active user (MAU) base continues to shrink. The trading platform announced Wednesday (Sept. 13) that its MAUs for August came to 10.6 million. That’s down from 11 million at the close...

September 13, 2023
FTX Receives Court Approval to Sell Crypto to Repay Customers

FTX has been granted court approval to sell its cryptocurrency assets to repay customers in U.S. dollars. The decision, made Wednesday (Sept. 13) by U.S. Bankruptcy Judge John Dorsey in...