Yesterday’s decision by California’s banking regulator to shut Silicon Valley bank after a $42bn run by depositors, the second-largest bank failure in US history, threatens far-reaching consequences. One of its […]
Got funds on your Revolut card? If you do, you may wish to know what do the firm’s recent accounting problems say about the safety of its clients’ money. Read […]
New disclosures suggest Christopher Harborne, who recently gave £1m to the office of former UK prime minister Boris Johnson, helped stablecoin operator Tether circumvent a block on access to the […]
Sanctions imposed on Russia after its invasion of Ukraine have caused London, the world’s major bullion trading market, to shrink. According to the London Bullion Market Association (LBMA), gold held […]
Former banker Sean Tuffy tracks the impact of global financial regulation on the investment business. In recent years he’s been paying a lot of attention to cryptocurrencies, digital assets and […]
Payment cards linked to cryptocurrencies are booming. But adding a volatile, fraud-ridden new technology (crypto) to a rickety old one (card payment networks) risks all kinds of new problems. By […]
It’s been a torrid year for investors in cryptocurrency but the worst is not over, says Carol Alexander, my guest on the latest New Money Review podcast. In 2023 the […]
An auditor verifies the accuracy of a company’s financial records. He or she is supposed to spot any material misstatements, including those due to fraud or errors. And yet in […]
We are living in the golden age of fraud. But we’re also in a golden age for data leaks. In the last six years we’ve seen a cascade of confidential […]
The fallout from the demise of cryptocurrency exchange FTX has reached the crypto deposit and lending platform BlockFi, which announced at 1.15am GMT on 11 November that it was suspending […]