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The lending arm of Genesis Global Trading suspended new loans and redemptions amid a wave of withdrawals that kicked off as Sam Bankman-Fried’s multibillion-dollar digital empire sank in the Bahamas.
The White House made it official, announcing the president’s intent to nominate Marty Gruenberg as the permanent chair of the Federal Deposit Insurance Corp.
“Incoming data since our last meeting suggest that the ultimate level of interest rates will be higher than previously expected,” Federal Reserve Chair Jay Powell said Wednesday.
We’re not in a recession, but we can’t stop talking about the one that’s coming.
The framework of the plan shows what policy changes are necessary to fight both the inflation and debt challenges.