Banks raised questions in 2020 about FTX-affiliated hedge fund’s wire activity, FTX says
By Hannah Lang (Reuters) – Certain banks working with FTX founder Sam Bankman-Fried’s trading firm Alameda Research raised questions about…
Business
Kering snaps up fragrance label Creed for new beauty division
By Mimosa Spencer PARIS (Reuters) – Gucci owner Kering said on Monday it had struck a deal to buy high-end…
PacWest sells $3.5 billion loan portfolio to asset manager Ares
(Reuters) -PacWest Bancorp unveiled a deal on Monday to sell a $3.54 billion lender finance portfolio to asset manager Ares…
Dollar edges off 15-month high vs rouble as Russia eyed
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose against the rouble on Monday, although it had pulled back…
Odey suspends flagship hedge fund after redemption pressure – Bloomberg News
(Reuters) -Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal…
Honda recalling 1.3 million vehicles worldwide for rear camera issue
By David Shepardson WASHINGTON (Reuters) -Honda Motor is recalling 1.3 million vehicles worldwide due to a potential issue with the…
Aston Martin aims to hit adjusted profit, revenue targets by 2024-25, says FT
(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and…
US lawmakers make new push for expanded drone shootdown authority
By David Shepardson WASHINGTON (Reuters) – A group of bipartisan U.S. lawmakers said on Monday they are making a new…
Publishers Clearing House settles with US for $18.5 million for misleading consumers
WASHINGTON (Reuters) -Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life,…
Investors overly optimistic on speed, cost of taming inflation, says IMF
SINTRA, Portugal (Reuters) – The world’s top central banks may need longer to get inflation back down to target and…