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Genesys Crypto Lending Unit for US Bankruptcy Files

Genesys Crypto Lending Unit for US Bankruptcy Files

Jan. 20 (Reuters) – The lending unit of crypto firm Genesis filed for US bankruptcy protection on Thursday, owing at least $3.4 billion, after being ousted by a market rout along with the likes of FTX exchange and lender BlockFi. Genesis Global Capital, one of the largest cryptocurrency lenders, froze customer refunds on November 16 …

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Job cuts at Goldman impacted investment banking and global markets

Job cuts at Goldman impacted investment banking and global markets

Mass repetition, spending review seduces the Wall Street giant Discounts in all major divisions expected globally Restructuring in the Asian wealth unit begins layoffs on Wednesday NEW YORK/LONDON/HONG KONG (Reuters) – Goldman Sachs began laying off staff on Wednesday in an all-out campaign to cut costs, with about a third of those affected coming from …

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Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion

Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion

FTX was valued a year ago at $32 billion More than $8 billion in FTX client funds are missing Submission of a plan to sell FTX affiliates in court New York/Wilmington, Del. Jan. 11 (Reuters) – Cryptocurrency exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in …

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