Contagion Risk after the Ftx Collapse Top Us Regulators Warn Banks about Crypto
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AI risk management startup ValidMind raises $8.1M to help banks comply with regulations
ValidMind, a regulatory compliance platform for AI risk management at banks, raises $8.1 million in seed funding to automate model validation and documentation.VentureBeat - Tech - Artificial Intelligence -
The Crypto Reboot That Wasn't: Why 'FTX 2.0' Floundered
The Crypto Reboot That Wasn’t: Why ‘FTX 2.0’ FlounderedThe Wall Street Journal - World - Crypto -
FirstFT: Larry Fink warns of looming ‘retirement crisis’
Also in today’s newsletter, latest on Baltimore bridge collapse, and Donald Trump’s inner circleFinancial Times - World -
UK regulator warns ‘finfluencers’ to adhere to advertising rules
FCA says those who flout rules around financial promotions face potential criminal prosecutionFinancial Times - World - United Kingdom -
Beware of 'bank jugging' this tax season, police warn
Police are warning the public about "bank jugging" this tax season.The Hill - Politics -
FTX customers in line for higher payouts as crypto prices soar
Administrators raise $884mn from partial sale of stake in AI start-up AnthropicFinancial Times - Business - Crypto -
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for a cryptocurrency fraud that a prosecutor has described as one of the biggest financial frauds in U.S. historyABC News - Tech - Crypto -
FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture
FTX founder Sam Bankman-Fried was convicted of securities fraud conspiracy that wrecked his cryptocurrency exchange and a related hedge fund, Alameda Research.CNBC - Business - Crypto -
Chemours Responds to Regulators, Prosecutors About Internal Audit
In its annual filing the company said that its lack of internal control was partially a result of senior management failing to set an appropriate tone, specifically related to the delayed payments.The Wall Street Journal - World -
Ukraine's Zelenskyy warns of risks to U.S. if Putin not stopped
In an exclusive interview with CBS News' Charlie D'Agata, Ukraine's President Volodymyr Zelenskyy warns that if America doesn't help his country turn back Russia's invasion, Vladimir Putin will bring war to Europe, drawing in U.S. forces.CBS News - World - Ukraine -
Sam Bankman-Fried apologizes for FTX collapse at sentencing
A judge sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison Thursday. A jury convicted the 32-year-old of fraud and conspiracy in November. CBS News national correspondent Errol Barnett reports.CBS News - Top stories - Crypto -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
Sam Bankman-Fried to learn fate today for orchestrating historic FTX crypto fraud scheme
Sam Bankman-Fried will learn his sentence Thursday, four months after he was found guilty of orchestrating the multibillion-dollar fraud that prompted the collapse of the FTX cryptocurrency exchange.NBC News - Top stories - Crypto -
BoE warns of risks to UK businesses from private equity bubble
Officials escalate warnings about leverage, transparency and valuationsFinancial Times - World - United Kingdom -
Six presumed dead after ship collides with Baltimore bridge
US Coast Guard says six people are presumed dead and search and rescue efforts have been called off.BBC News - Top stories -
How a US bridge collapsed after being struck by a ship
A huge search operation is under way after the bridge in Maryland snapped and plunged into the water.BBC News - Top stories -
US-Audiobooks-Top-10
The top 10 audiobooks on AudibleABC News - Entertainment -
Sam Bankman-Fried sentenced to 25 years over role in FTX collapse
Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial crimes in U.S. history. Errol ...CBS News - Top stories - Crypto -
Katie Price warns about 'damaging' plastic surgery
The model says women have cosmetic procedures younger than she did, and they all look like "aliens".BBC News - Top stories -
UK stocks are not all that cheap
A bargain in the aggregate, not the particularFinancial Times - Business - United Kingdom -
Boeing chief’s exit is not enough to lift aerospace group’s shares
It could take years for the company to find its way back to its engineering rootsFinancial Times - Business -
South Carolina wants answers about $1.8 billion sitting in a bank
Accountants are trying to figure out where the $1.8 billion in cash came from and where it was supposed to go.CBS News - Top stories -
Kate Banks, Children’s Author Who Wrote About Grief, Dies at 64
She became an award-winning author of children’s books and young-adult novels despite debilitating health issues and the murder of her father.The New York Times - Top stories -
Did Russia ignore US 'extremist' attacks warning?
The attack on a concert hall in Moscow raises difficult questions for Putin at a time of global mistrust.BBC News - Top stories - Russia -
Putin dismissed US warnings of extremist attacks in Moscow
Russian President Vladimir Putin brushed off U.S. warnings of extremist attacks in Moscow, days before gunmen carried out a rampage at a Moscow concert hall that left at least 137 people dead last week. The U.S. Embassy in Russia issued a security ...The Hill - Politics - Russia -
US-Apple-Books-Top-10
App Store / Apple Books charts for week ending 3/24/24:ABC News - Entertainment - Apple -
‘Sexism is the risk factor’: football’s race to learn more about ACL injuries
Doctors and coaches alike cannot fully explain the worrying trend among female players but many believe that a lack of resources, rather than biology, is a key factor. After 30 years of research, it is still a mystery why women footballers are ...The Guardian - World -
Millions of older adults with student debt are at risk of losing some Social Security benefits, lawmakers warn
Millions of older adults behind on their student loans could soon receive a smaller Social Security benefit.CNBC - Business -
UK pension rules risk ‘finishing off’ remaining defined-benefit plans, MPs warn
Commons committee calls on government and regulator to change tack over where retirement schemes can investFinancial Times - Business - United Kingdom -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Crypto group Copper launches review after ‘embarrassing’ sushi party
Digital assets company chaired by Philip Hammond apologises after guests served food from the bodies of partially naked modelsFinancial Times - Business -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Three dead after Israeli army operation and clashes in the West Bank
Yahoo News - World - Israel -
Two bodies recovered from water under collapsed Baltimore bridge
The bodies of two people were recovered from a vehicle in the waters where the Baltimore bridge collapsed.BBC News - Top stories -
US-China Decoupling Poses Supply Chain Risks for Drug Companies
A proposed bill in Congress targets Chinese biotech businesses that play an important role in developing drugs.The Wall Street Journal - World -
Sinking US cities increase risk of flooding from rising sea levels
Subsidence linked to extraction of groundwater and natural gas, and weight of buildings pressing into soft ground. A number of cities on the US east coast are sinking, increasing the risk of flooding from rising sea levels.. Between 2007 and 2020 ...The Guardian - World -
U.S. Warned About Possible Moscow Attack Before Concert Hall Shooting
Pro-Moscow forces had dismissed the alert as an attempt to scare Russians.The New York Times - World -
Export Watchdog Warns About Counterparties Sending Drone, Missile Components to Russia
The Commerce Department is continuing to dial up its warnings about violating rules against the export of sensitive technologies to foreign adversaries amid findings that U.S. components have found their way to Russia’s military and to ...The Wall Street Journal - World - Russia -
Carnival Warns of Profit Hit From Baltimore Bridge Collapse
The cruise operator said it expects the disruption to hit annual adjusted earnings by as much as $10 million.The Wall Street Journal - World -
Carnival Warns of Profit Hit From Baltimore Bridge Collapse
The cruise operator said it expects the disruption to hit annual adjusted earnings by as much as $10 million.The Wall Street Journal - Business