Cracks in Libor’s reckoning: Were traders criminals or scapegoats?

A decade on from the Libor scandal, US courts have rejected a series of criminal charges against traders accused of fiddling the rate once used to benchmark hundreds of trillions of dollars of financial contracts. Between January and October, a New York court has thrown out criminal charges against Tom Hayes, a UK trader who … Read more

Silbert’s Once-$10 Billion Crypto Empire Is Showing Cracks

(Bloomberg) — Suspended withdrawals at cryptocurrency brokerage Genesis amid the widening crypto-market meltdown have cast an unwanted spotlight on Barry Silbert, the man at the helm of the Digital Currency Group empire. Most Read from Bloomberg Silbert, who rarely does press interviews or speaks at the multitude of industry conferences, founded the Stamford, Connecticut-based crypto … Read more

Biden cracks down on ‘junk fees’ in new economic focus ahead of midterms

CNN — President Joe Biden on Wednesday announced a crackdown on so-called junk fees, including new steps that effectively ban banks from issuing surprise overdraft fees and depositor fees on bounced checks. His speech announcing the new actions also highlighted his administration’s efforts to provide more “breathing room” relief to American consumers as the economy … Read more

Klaytn (KLAY) Cracks 30% Gains As Price Breaks Downtrend, Is $0.4 Possible?

KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2.  The price of KLAY continues to hold strong above … Read more

Optimism (OP) Cracks Double-digit Gains, Can Bulls Breach $1 Mark?

OP’s price shows the first sign of bounce after seeing its price bottom at the $0.6 support zone.  OP bounced off its downtrend movement as price eyes a break from its downtrend to a region of $1.  The price of OP breaks out of its daily downtrend, acting as a resistance line as the price … Read more

Norway cracks down on Russian use of drones with seven arrests

Norway’s prime minister has warned his country will take action against foreign intelligence agencies that fly drones over its critical infrastructure, including oil rigs and airports, after the arrest of seven Russians in possession of the aerial vehicles. Oslo and other western capitals are on high alert after the sabotage of the Nord Stream gas … Read more

Trump finally served with $250M NY fraud suit after judge cracks down on weekslong effort to dodge

Donald Trump’s company and its executives have been served. Trump’s attorney Alina Habba was served the 220-page New York lawsuit from Attorney General Letitia James after Trump Organization leaders Donald Trump Jr. and Eric Trump dodged process servers, wrote Business Insider. The lawsuit is part of a years-long fraud investigation claiming that the Trump Org. … Read more