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NEW YORK, Feb 2 (Reuters) – Sam Bankman-Fried is in talks with US attorneys to resolve a dispute over the FTX cryptocurrency exchange based on bail, his lawyer said on Thursday. The judge hearing the Bankman-Fried criminal case in federal court in Manhattan on Wednesday stopped for a while the 30-year-old billionaire from contacting employees … Read more
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TOKYO, Feb 2 (Reuters) – Mitsubishi UFJ Financial Group Inc (8306.T) and Mizuho Financial Group (8411.T) on Thursday reported strong third-quarter profits in their core business thanks to economic recovery in Japan and strong foreign lending. Economic activity in Japan recovered from the recession, business loans increased, but high interest rates increased the demand for … Read more
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Feb 1 (Reuters) – Prosecutors in Chicago and Los Angeles on Wednesday filed criminal charges against California attorney Tom Girardi, who could not be detained, accusing him of taking more than to $18 million of his customers’ money. Los Angeles prosecutors charged Girardi, 83, with five counts of wire fraud in his embezzlement of $15 … Read more
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WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday announced new efforts to reduce old debt and lower costs for Apple Inc. (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) pay at mobile phone stores. The move is part of a larger policy to promote competition in the retail market, officials said. President Joe Biden … Read more
NEW YORK, Jan 31 (Reuters) – New York’s attorney general on Tuesday asked a judge to indict former U.S. President Donald Trump, his grown children, the Trump Organization and their top lawyers. their response to his $250 million civil lawsuit against them. The complaint filed by Attorney General Letitia James last September accused the defendants … Read more
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Banks providing loan support OR purchase -source Non-performing loans in Europe are now down to 5 bln euros -sources LONDON, Jan 31 (Reuters) – Banks are reducing the stockpile of non-performing loans that supported private equity purchases during the economic downturn and are trying to avoid heavy losses by refinancing the debt or selling boxes … Read more
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WARSAW, Jan 31 (Reuters) – Millennium Bank (MILP.WA) The recovery plan will not be affected even if there is a negative decision on the Swiss franc mortgage by the European Union’s highest court, CEO Joao Bras Jorge said on Tuesday. Hundreds of thousands of Poles, who borrowed in Swiss francs because of the low interest … Read more
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FRANKFURT, Jan 31 (Reuters) – Euro zone banks have tightened access to credit for companies since the 2011 credit crisis and are expected to continue to do so as they turn more towards the economy in the amid financing costs, a study by the European Central Bank. show on Tuesday. But demand for loans from … Read more
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DAKAR, Jan 30 (Reuters) – The board of directors of the International Monetary Fund has approved a $38.4 million credit extension for Guinea-Bissau to support the economic recovery of the West African country and policies to improving management, said the finance on Monday. Bate Felix Report; directed by Jonathan Oatis Our standards: The Thomson Reuters … Read more
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NEW YORK, Jan 31 (Reuters) – Joe Natiello is facing what you might call an “interesting problem to have.” Almost 20 years ago, the 64-year-old Westfield, New Jersey man took out life insurance to help his family if the worst happened. Next year, however, that policy expires, and at his age, Natiello’s insurance premiums will … Read more