US SEC threatens to sue Coinbase over certain crypto products

March 22 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, mounting pressure on the largely unsettled industry. regulated. Coinbase shares fell nearly 13% to $67.33 in extended trading after the company said Wednesday that the regulator had issued it … Read more

GameStop’s surprise profit triggers a short squeeze and a rally in meme stocks

March 22 (Reuters) – Meme GameStop Corp (GME.N) stock jumped nearly 40% on Wednesday as the video game retailer’s profitable first quarter in two years squeezed bearish investors and sparked a surge in other popular stocks among retail traders. AMC Entertainment Holdings Inc (AMC.N) gained 3.4%. AMC and GameStop have been at the heart of … Read more

HSBC saves the UK branch of the distressed Silicon Valley Bank

US authorities support depositors UK deal ends frantic weekend talks UK Finance Minister: Safe Deposits LONDON, March 13 (Reuters) – HSBC (HSBA.L) bought the struggling UK arm of Silicon Valley Bank on Monday for a token pound, rescuing a key lender to Britain’s tech start-ups and helping to curb fallout from the biggest bank failure … Read more

Global markets brace for aftershocks as SVB collapse reverberates

LONDON, March 12 (Reuters) – Markets were set for a bumpy ride this week as the fallout from the collapse of startup lender Silicon Valley Bank (SVB), the biggest U.S. bank failure since the crisis fiscal 2008, coincide with key economic data and political meetings. US inflation figures for February are due out on Tuesday, … Read more

Champagne carpet and crisis team ready for Sunday’s Oscars celebration

LOS ANGELES, March 12 (Reuters) – Hollywood stars will walk a champagne-colored carpet at the Oscars on Sunday when organizers aim to keep the spotlight on ‘Everything Everywhere All at Once’, ‘Top Gun: Maverick’ and other nominated films that brought the crowds back to the cinema. In the event of an unexpected twist, a crisis … Read more

US weighs new fund to guarantee deposits if more banks fail, according to Bloomberg News

March 11 (Reuters) – The U.S. Federal Reserve and Federal Deposit Insurance Corp are considering a fund that would allow regulators to prop up more deposits at banks struggling in the wake of the Silicon Valley meltdown Bank, Bloomberg News reported on Saturday. Regulators have discussed the new special vehicle in conversations with bank executives … Read more