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Crypto Exchange Poloniex to Pay $7.6 Million to Settle Probe into Sanctions Violations

Cryptocurrency exchange Poloniex LLC has agreed to pay about $7.59 million to settle allegations it allowed users in sanctioned regions to trade digital assets on its platform, the U.S. Treasury

JPMorgan to Buy First Republic's Assets and Assume Deposits

JPMorgan Chase & Co. will buy most of First Republic Bank's assets in a last-ditch rescue led by U.S. regulators, marking the third major U.S. institution to fail in two months, Reuters reported. The

U.S. Treasury Encouraged by First Republic Resolution, Says Banking System Remains Sound

The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking system remains sound and resilient, a

Revlon Taps New Directors as Lenders Take Control in Bankruptcy

Revlon Inc. will emerge from bankruptcy under new ownership and a new board of directors that includes former executives from Bloomin’ Brands Inc., Sephora and Walgreens Boots Alliance Inc., the Wall

SEC Looks Down on UpToken, Imposes Crypto Fines

The U.S. Securities and Exchange Commission has fined Seattle-based Coinme and related defendants nearly $4 million for conducting an unregistered and misleading offering of a crypto asset called

Bankrupt Crypto Lender Genesis, Creditors to Enter Mediation

Bankrupt cryptocurrency lender Genesis Global Holdco and a key creditor group have agreed to meet with a mediator in an effort to save a proposed bankruptcy exit plan backed by the company’s parent

Judge in New Orleans Roman Catholic Bankruptcy Recuses Himself over Church Donations

A federal judge overseeing the New Orleans Roman Catholic bankruptcy recused himself in a late-night reversal that came a week after an Associated Press report showed he donated tens of thousands of

Subway Comes Up with Debt Plan to Clinch $10 Billion-Plus Sale

The bankers running the sale process for Subway have given the private-equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment

Inflation Cooled in March, but Signs of Stubborn Price Increases Persist

Inflation is slowing, a fresh reading of the Federal Reserve’s preferred index showed, but costs continue to climb rapidly after stripping out volatile food and fuel — which shows that price pressures

Georgia Governor OKs Student Loan Repayment for Nursing Faculty, Medical Examiners

Gov. Brian Kemp on Thursday signed bills to help college nursing instructors and state medical examiners repay their student loans, the Atlanta Journal-Constitution reported. The bills are aimed at