The latest updates

JPMorgan Says Frank Was Fraud

JPMorgan Chase on Thursday shut down the website for a college financial aid platform it bought for $175 million after alleging the company’s founder created nearly 4 million fake customer accounts.

3 weeks, 1 day ago

Iran and Russia want to issue new stablecoin backed by gold

The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.

3 weeks, 2 days ago

Meme stocks start 2023 on high note, though ride is a bumpy one

Resurgent risk appetite among some investors is fueling rallies in the shares of so-called meme stocks this month after a crushing year for equities, though many analysts are skeptical the most recent moves will last.

3 weeks, 4 days ago

Coinbase reaches $100 million settlement with New York regulator

Coinbase, one of the most popular US crypto-trading platforms, agreed to a $100 million settlement after New York regulators found “significant failures” to comply with the state’s anti-money-laundering laws.

1 month ago

Plenty of nontraded REIT liquidity to go around: Report

Meanwhile, 2022 has been another excellent year for sales of alternative investments, according to the report from Robert A. Stanger & Co.

1 month, 1 week ago

Fintech Vint hopes to turn wine and spirits into a mainstream asset class

Do you invest in wine and spirits? Fintech startup Vint thinks everyone should, and is hoping to facilitate this. But don’t expect bottles to be shipped to you: Investments via Vint are fractional.

1 month, 1 week ago

FTX customers file class action to lay claim to dwindling assets

FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customer

1 month, 1 week ago

Crypto platform Paxful removes ETH from its marketplace

Paxful CEO Ray Youssef highlights Ethereum’s move to proof-of-stake, perceived centralization and token minting ability as reasons for the move.

1 month, 2 weeks ago

7 Companies Making Alternative Investments 'Not-So-Alternative'

It may be time to coin a new term for alternative investments since many of these asset classes are turning mainstream and are finding a place in more retail investors’ portfolios.

1 month, 2 weeks ago

Five Key Considerations When Building An Alternative Investment Program For A Client

Alternative investments, once rarely found outside the investment portfolios of the ultra-wealthy, family offices, pensions, endowments and sovereign wealth funds, have become more mainstream as adoption grows and barriers are decreasing

1 month, 2 weeks ago

ESG Funds Set for First Annual Outflows in a Decade After Bruising Year

Investors pulled more money from funds marketed as "sustainable" than they added for the first time in more than a decade in 2022, hit by fallout from the Ukraine war, tumbling financial markets and a political backlash against the industry.

1 month, 3 weeks ago

Chinese Bank Wealth Units Seek to Smooth Performance Amid Redemptions

The asset management arms of some Chinese banks are turning to an accounting method that smoothes out the performance of wealth management products as they try to stem a rise in redemptions, two sources familiar with the matter told Reuters.

1 month, 3 weeks ago

SEC charges former FTX CEO SBF for defrauding investors a day after his arrest

SEC has filed charges against the former CEO Sam Bankman-Fried, accusing him of defrauding U.S. customers and concealing the diversion of customers’ funds.

1 month, 3 weeks ago

Some Alternative Investments Are More Alternative Than Others

Hedged equity comes in various flavors.

2 months ago

Polish central bank keeps rates steady, as expected

Poland's central bank left its main interest rate unchanged at 6.75% on Wednesday, it said, a decision in line the forecasts of analysts who say that emerging Europe's largest economy has reached the end of its tightening cycle.

2 months ago

Indonesia central bank says digital rupiah currency can be used in metaverse

Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.

2 months ago

How to Evaluate an Investment in 6 steps. Decrease the Risk Factor

Evaluating an investment is part of the skills and habits of a good investor. Investments can be riskier than they appear, a fact that many investors tend to overlook.

2 months, 1 week ago

Mintos updates risk scores

Mintos has updated the risk scores on its Notes, to provide a “more granular approach” for investors. Risk scores will now be rounded to one decimal place, to offer a more detailed insight into the risk profile of a Note.

2 months, 1 week ago

India to Test Digital Rupee in 4 Cities With 4 Banks

The test, which will start on Thursday, will be extended to include another nine cities and four more lenders in a later phase.

2 months, 1 week ago

Yahoo eyes retail stock trading in major growth push

Yahoo's latest deal underscores its move to boost revenues and use its cash to grow its core businesses, including Yahoo Sports, Yahoo Finance and Yahoo Mail.

2 months, 1 week ago

BlockFi files for bankruptcy, cites FTX collapse for its troubles

The crypto lender was previously “rescued” by FTX following Terra’s stablecoin collapse.

2 months, 1 week ago