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FTX to Collect $404 Million in Proposed Deal With Modulo

FTX Group will recover about $404 million that its disgraced founder Sam Bankman-Fried allegedly transferred to the investment fund Modulo Capital, according to a proposed bankruptcy settlement made

SEC Plans Lawsuit Against Coinbase, According to Exchange

The Securities and Exchange Commission has told Coinbase Global Inc. that it plans to take enforcement action against the company, escalating its crackdown on digital-currency firms by targeting the

U.S. SEC Sues Tron founder Justin Sun, Celebrities over Crypto Sales

The U.S. Securities and Exchange Commission yesterday sued Chinese cryptocurrency entrepreneur Justin Sun, accusing him and other defendants of illegally selling crypto securities and scheming to

Bank Deposits Have Stabilized in Last Week, Powell Says

Deposit flows in the U.S. banking system have stabilized in the last week after a historic run on deposits at Silicon Valley Bank prompted its collapse and forced finance officials to take emergency

Raising FDIC's Deposit Protection Limit Should Be Considered -U.S. Senate Majority Leader

A proposal to raise the Federal Deposit Insurance Corporation's $250,000 limit for protecting depositors' accounts should be considered, but any costs should be paid by the banks, not taxpayers, U.S

Double-Barreled Economic Threat Puts Congress on Edge

In 2008, an imminent collapse of the banking system consumed Congress before lawmakers delivered a bailout. Three years later, a debt limit crisis enveloped Washington and led to a series of spending

TV Azteca Creditors Try to Push Broadcaster Into Bankruptcy

A cohort of TV Azteca SAB’s creditors filed a petition to force the Mexican broadcaster into involuntary bankruptcy in the U.S., the latest twist in drawn-out debt talks, Bloomberg News reported

Carvana Debt Exchange Lacks Support From Bondholder Group

Carvana Co.’s debt swap proposal launched on Wednesday doesn’t have support from the group of investors who own a majority of the company’s nearly $6 billion in unsecured bonds, WSJ Pro Bankruptcy

SVB Financial Must Wait to Get Back $2 Billion from FDIC

The former owner of Silicon Valley Bank, seized earlier this month by regulators, will need to wait, possibly for several months, to know if it can get back about $2 billion in cash it would need to

Senate, House Committees to Hold Hearings on Silicon Valley Bank Collapse

The U.S. Senate Banking Committee will hold the first of several hearings on the collapse of Silicon Valley Bank and Signature Bank on March 28, Chairman Sherrod Brown (D-Ohio) said yesterday, Reuters