BlockFi CEO Faces Allegations of Risk Disregard, Contributing to Collapse Amid FTX

BlockFi CEO Faces Allegations of Risk Disregard, Contributing to Collapse Amid FTX

Crypto lending firm BlockFi's CEO, Zac Prince, allegedly ignored recommendations from the company's risk management team regarding lending assets to
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Banks Fire: All evacuation notices lifted, boil water notice remains

All evacuation orders connected with a wildfire near Banks have been lifted, but a boil water notice remains in effect as fo 3:45 p.m. Saturday.
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Rain turns fortunes upside down for bulk of IndyCar field in Toronto – RACER

The driver leading the NTT IndyCar Series championship who's had a nearly perfect season lines up 15th. The driver closest to him (Alex Palou),
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D.A. Davidson & CO. Grows Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Davidson & CO. owned 0.08% of Sixth Street Specialty Lending worth $1,224,000 at the end of the most recent quarter. A number of other hedge funds
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Rep. Banks applauds passage of NDAA – WBIW

WASHINGTON – Today, Rep. Jim Banks voted to pass the Fiscal Year 2024 National Defense Authorization Act. The bipartisan bill passed 219-210.
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Big banks are finally giving depositors a cut of windfall from Fed hikes, Companies & Markets

AS big US banks earn more from lending, the question has gnawed: When will depositors see their reward? It's finally starting.
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SBI Hikes Lending Rate By 5 Basis Points Across Tenure, EMIs Set To Rise – MSN

State Bank of India (SBI), the largest lender in India, has increased its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps)
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Elevated mortgage rates leading to sharply higher payments even as prices ease – Salem News

The median monthly payment listed on applications for home purchase loans jumped 14.1% in May from a year earlier to an all-time high $2,165,
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The Geneva International Motor Show Is Going to Qatar. Here's Why – Gear Patrol

The Complete Buying Guide to Omega Watches. However, the Geneva Motor Show in Geneva is largely a stationary event, held in a convention center
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Mortgage rates: Six reasons why the pain isn't as bad as it could be – BBC News

Some of that money is now being used to pay down mortgages. 3. Some stress may have been helpful. When lenders received a mortgage application they
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The Rise and Rise of Landlord Limited Companies… – Landlord Today

These entities can offset mortgage interest, finance costs and mortgage arrangement fees against rental income. In contrast, landlords with properties
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NMI Holdings, Inc.: Assessing Ratings and Investor Activity in the Mortgage Insurance Industry

According to Bloomberg.com, three equities research analysts have issued a “hold” recommendation on NMI's stock, while two others have given it a “buy
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Alberta home prices jump as newcomers rush in – Calgary Herald

Alberta home prices jump as newcomers rush in. Calgary home prices up 4.2% this year. Author of the article: Bloomberg News. Kevin Orland.
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Pfizer's Seagen Takeover Plan Faces Further Antitrust Scrutiny – Bloomberg Law News

Pfizer Inc.'s proposed $43 billion takeover of Seagen Inc. will undergo an in-depth antitrust review by the Federal Trade Commission.
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Fortune trades Aspen for Park City as latest host of Brainstorm Tech conference

Adam Neumann, the founder of Flow and co-founder and former CEO of WeWork, speaks with Michal Lev-Ram, the Fortune editor-at-large,
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Inflation slows but rent and home prices stay high – KOLD

The Tucson housing market continues to be a seller's market, which means even buyers with little interest in a home must act quickly,
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Local banker discusses why Pittsburgh needed a right-sized business bank

Marsh: First, prior to going into banking, I had worked with or for … that Pittsburgh has some very good large national and regional banks.
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OPINION: Anchorage needs more housing

Yet the market hasn't responded by building more homes. Why? While I don't agree that Anchorage is “out of land” (we're a low-density city with vast
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India's JSW Steel considering bid for stake in Teck coal unit – Bloomberg News

… to 20% in Canada's Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter.
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International auto expo opens in northeast China – Xinhua

International auto expo opens in northeast China- … the automotive sub-council under the China Council for the Promotion of International Trade.
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