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An associate banker at a large national bank is accused of stealing hundreds of thousands of dollars from customers in a span of just two months.
According to the Northern District of California’s U.S. Attorney’s Office, Sixto Christopher Porras allegedly stole approximately $440,000 from two retail bank customers while stationed in San Francisco.
In each of the cases, Porras managed to drain...
The chief investment officer of the crypto asset management firm Bitwise says that aggressive demand for Bitcoin (BTC) could boost the crypto king’s price much higher by the end of the year.
In a new interview with CNBC Television, Bitwise CIO Matt Hougan says that blue-chip institutions having increasing demand for BTC mixed with its limited supply could push the value of Bitcoin by about 70%...
Online gambling giant Flutter Entertainment says hundreds of thousands of users are affected by a massive hack on its subsidiaries.
Flutter, which owns gambling sites Betfair and Paddy Power, disclosed that up to 800,000 customers have had their personal information exposed due to a third-party breach, the Irish Times reports.
In an email to customers in Ireland and Britain, Flutter said it had...
A financial advisor from Bank of America’s wealth management division is reportedly banned from the industry amid allegations that he stole millions of dollars from his client’s account.
Former Merrill Lynch employee Isaiah Thomas Williams is now banned from the securities industry after being accused of stealing $2.58 million from the account of retired NFL player Reshad Jones, reports WPLG...
Bridgewater Associates founder Ray Dalio says that a period of stagflation similar to the one witnessed in the 1970s could be approaching.
In a new interview with David Rubenstein, Dalio addresses the US dollar’s big decline against major currencies this year, saying that it could be foreshadowing an incoming phase of stagflation, which refers to a time of high inflation, high unemployment, and...
Bank of America (BofA) believes corporate America will send the S...
The chief executive of Bitcoin (BTC) financial services firm Fold is issuing a warning about altcoins, saying that the crypto king’s market dominance isn’t something that will backtrack.
In a new interview with CNBC Television, Fold CEO Will Reeves says that the top crypto asset by market cap’s recent new all-time high was due to a combination of high institutional demand and low supply.
“This...
A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a bounty.
In a new thread on the social media platform X, GMX says the hacker who stole $42 million worth of crypto assets earlier this week from its Arbitrum (ARB)-based liquidity pool is returning the funds and collecting...
JPMorgan Chase chief executive Jamie Dimon thinks the U.S. Federal Reserve could actually raise rates, contrary to popular belief.
Despite consensus expectations of a rate cut in the coming months, Dimon said in a speech in Ireland on Thursday that he thinks the market is underestimating the potential impact of inflation on the Fed’s policymaking, Reuters reports.
“I think the possibility of...
A top executive at the retail-focused trading app giant Robinhood is updating her targets for the S...