Tag Archives: vanish

NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets, according to a tweet by FTX’s general counsel Ryne Miller. FTX is also coordinating with law enforcement and regulators,… Source link

(Bloomberg) — After another wild week in global money markets, traders are betting big on the biggest regime shift in Europe in years: the end of the negative interest-rate era before 2022 is over. Most Read from Bloomberg Fueled by a flurry of hawkish monetary signals over the past week, the interest-rate swaps market now projects the European Central Bank will deliver three quarter-point hikes by December — winding down the eight-year experiment with sub-zero borrowing costs that’s… Source link

After a brutal year for most malls — capped off by a weak holiday shopping season thanks to the deadly COVID-19 pandemic —many that have struggled financially for years may finally vanish in 2021 as their tenants close up shop. “Bankruptcies and store closings will accelerate again,” veteran retail executive Jan Rogers Kniffen said in a new missive to clients this week. Of the roughly 1,100 malls left in America, Kniffen believes only 278 are viable in the post pandemic world where… Source link