The U.K.’s Financial Conduct Authority (FCA) is reportedly investigating Barclays for suspected failings in its compliance and anti-money laundering systems. The Authority requested an independent review of Barclays’ systems last year after noting the number of anti-money laundering incidents, the Financial Times reported, citing people ...Read More

The Securities and Exchange Commission has reached a $30 million settlement with the cryptocurrency platform Kraken that will force it to unwind a program offering investment returns to US users who committed their digital assets to the company. That practice, known as “staking,” reflected ...Read More

A judge’s decision to allow a shareholder lawsuit against a former McDonald’s Corp. human resources chief has put corporate executives on alert that they can be held personally liable for failing to oversee the biggest risks confronted by their companies. The ruling follows a series of Delaware ...Read More

The disgraced Theranos founder has been sentenced to 11 years in prison after being convicted of conspiracy and fraud. Following her guilty verdict last year, Elizabeth Holmes reportedly tried to make a run for it and flee the country to Mexico, prosecutors allege in new court ...Read More

In the early days of January, several major companies in the cryptocurrency industry, such as Genesis, Coinbase, Blockchain.com, and Crypto.com, announced plans to significantly reduce their workforces. For a few of these companies, such as Crypto.com and Genesis, this marks the second round of layoffs within ...Read More

The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini product called Earn, which touted ...Read More

JPMorgan Chase claims it was duped by a 30-year-old entrepreneur who lied about the number of college kids who were using Frank — a financial-planning site that the mega-bank bought for $175 million. JPMorgan Chase alleges that Charlie Javice, who was featured on the Forbes ...Read More