Money

By Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US trading laws and secretly coaching “VIP” customers on how to evade compliance controls. The Commodity Futures Trading Commission, which regulates US derivatives trading, said the company and CEO Changpeng Zhao have circumvented US laws by

By Mark Thompson and Julia Horowitz, CNN Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse of Silicon Valley Bank in the United States unleashed turmoil in the global banking sector. José Manuel Campa, the head of the European Banking Authority (EBA), told a German

By Marshall Cohen The Fox News producer who accused the right-wing network of pressuring her into giving misleading testimony in the Dominion defamation case has been fired, she disclosed in new court filings. Lawyers for Abby Grossberg, a former producer for Maria Bartiromo and Tucker Carlson who is suing Fox News over the alleged legal

By Claudia Otto and Inke Kappeler Nationwide strikes in Germany — among its worst in decades — are causing huge disruption at the country’s airports, on public transport and at its largest port Monday. The walkouts have been called by two major transport unions in Europe’s biggest economy. Ver.di, one of the unions, has demanded

By Anna Cooban European banking stocks rose Monday, boosted by the news that US lender First Citizens Bank would buy most of the business of failed Silicon Valley Bank. The Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, ticked up by nearly 1% in morning trade, while London’s bank-heavy FTSE

By Hanna Ziady, CNN The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments he made about the Swiss lender accelerated a plunge in its share price. The bank was rescued four days later after a crisis of confidence among investors and customers took it to the

By Mark Thompson, Liz Enochs and Chris Isidore, CNN In a milestone moment for the banking crisis, a company has purchased most of what’s left of the bank that started the meltdown. First Citizens Bank has purchased the remaining assets, deposits and loans of Silicon Valley Bank, the US lender that failed earlier this month

By Michelle Toh, CNN The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China on Sunday in which she also pointed to “green shoots” emerging in the world’s second-largest economy. “Risks to financial stability have increased,” IMF Managing Director Kristalina Georgieva said during remarks

By Parija Kavilanz, CNN Check the aisles at Walmart, Target or your neighborhood drug store and you’ll find them chock full of scented, lathering, moisturizing, bubbling — even glittering — face and body cleansers for kids and adults. But, until recently, there’s been a glaring shortage of products targeting the skin-care needs of one key

By Allison Morrow, CNN Two weeks ago, few people outside the tech industry had even heard of Silicon Valley Bank, the midsize California lender whose rapid implosion would end up shaking the foundations of the entire global financial system. But on the morning of Friday, March 10, after clients withdrew $42 billion in the span

Krystal Hur, CNN Federal regulators are being called to testify before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday about the collapse of Silicon Valley Bank and Signature Bank. Here’s who’s slated to appear on the witness stand: Martin Gruenberg, Chairman, Board of Directors of the Federal Deposit Insurance