My Big Coin cryptocurrency firm founder gets 8 years in prison for fraud
BOSTON, Jan 31 (Reuters) – The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding...
Tag : CMPNY
Blackstone’s earnings fall 41% as assets sales slump
NEW YORK, Jan 26 (Reuters) – Blackstone Inc’s (BX.N) fourth quarter distributable earnings fell 41% year-on-year as the world’s largest manager of alternative assets said...
Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings
NEW YORK, Jan 23 (Reuters) – Goldman Sachs Group Inc’s (GS.N) asset management arm will significantly reduce the $59 billion of alternative investments that weighed...
Crypto exchange Huobi to lay off 20% of staff
SINGAPORE, Jan 6 (Reuters) – Crypto exchange Huobi plans to lay off about 20% of its staff, the company told Reuters on Friday. “The planned...
U.S. judge says Celsius Network owns most customer crypto deposits
Jan 4 (Reuters) – A U.S. bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency that customers deposited into its online...
Analysis: Global hedge funds plan 2023 around inflation risk
NEW YORK/LONDON/HONG KONG, Jan 4 (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and...
Barrick shares tumble as weaker gold production dents profit
Barrick now expects to exceed 2022 cost guidance Q3 profit down 30% as gold production falls by 9% All-in sustaining costs up 22.7% from last...
Insurer AIG profit slumps on hurricane costs, lower investment returns
Nov 1 (Reuters) – Insurer American International Group Inc (AIG.N) on Tuesday reported a more than 39% decline in quarterly profit as investment income fell...
Coinbase joins crypto supporters siding with Ripple in SEC case
Companies Law firms Related documents (Reuters) – Cryptocurrency exchange Coinbase Inc voiced support for Ripple in the blockchain company’s legal battle with the U.S. Securities...
Italy’s Campari builds up bourbon business with $600 million Kentucky deal
MILAN, Oct 31 (Reuters) – Italian spirits group Campari (CPRI.MI) said on Monday it had reached an agreement to buy an initial 70% stake in...