COFS1

Finish of easy-cash period goes to harm

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LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Capital One scraps 1,100 tech positions – supply

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Jan 19 (Reuters) – Shopper lending agency Capital One Monetary Corp (COF.N) has reduce 1,100 positions in its know-how section, an individual conversant in the matter instructed Reuters on Thursday, a transfer that comes as its digital transformation matures. The corporate plans to get rid of its “Agile” job household and combine it into current … Read more

Crypto lender Genesis getting ready to file for chapter, Bloomberg Information experiences

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Jan 18 (Reuters) – Cryptocurrency lender Genesis International Capital is planning to file for chapter as quickly as this week, Bloomberg Information reported on Wednesday, citing individuals with information of the state of affairs. A chapter submitting has been anticipated for weeks, after the corporate froze buyer redemptions on Nov. 16 following the downfall of … Read more

New Fed analysis flags rising danger of U.S. recession

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NEW YORK, Dec 30 (Reuters) – Simply over half of the 50 U.S. states are exhibiting indicators of slowing financial exercise, breaching a key threshold that always indicators a recession is within the offing, new analysis from the St. Louis Federal Reserve Financial institution report stated. That report, launched Wednesday, adopted one other report from … Read more

Crypto change Gemini attempting to recuperate $900 million from crypto lender Genesis, Monetary Occasions reviews

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Dec 3 (Reuters) – Crypto dealer Genesis and its father or mother firm Digital Foreign money Group (DCG) owe prospects of the Winklevoss twins’ crypto change Gemini $900 million, the Monetary Occasions reported on Saturday. Crypto change Gemini is attempting to recuperate the funds after Genesis was wrongfooted by final month’s failure of Sam Bankman-Fried’s … Read more

Crypto lender Genesis says no speedy plans to file for chapter

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Nov 21 (Reuters) – Cryptocurrency lender Genesis stated on Monday it has no speedy plans to file for chapter, days after the collapse of crypto trade FTX pressured it to droop buyer redemptions. “Now we have no plans to file chapter imminently. Our aim is to resolve the present state of affairs consensually with out … Read more