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NEW YORK, Nov 2 (Reuters) – FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all … Read more
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Nov 1 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring … Read more
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[1/2]U.S. Rep. George Santos (R-NY) stands alone at the back of the House chamber during a second round of voting that once again failed to elect a new Speaker of the House at the U.S. Capitol in Washington, U.S., October 18, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing Rights WASHINGTON, Oct 26 (Reuters) – A New … Read more