The U.S. Securities and Exchange Commission on Tuesday sued Coinbase , accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange.
Shares of Coinbase Global fell on Tuesday and were on track for their biggest one-day percentage decline since late March after the cyrptocurrency exchange found itself in the crosshairs of the U.S. securities regulator along with Binance.
Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid.
Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the days before the bank was propelled by Swiss authorities to buy smaller rival Credit Suisse, just one of the dozens of calls and meetings Powell held from mid-March as a banking crisis unfolded.
Bank of Queensland Ltd said on Wednesday it had entered into separate undertakings with the country's financial crime and prudential regulators to comply with anti-money laundering and counter-terrorism financing laws and address risk governance practices.