J.P. Morgan Investment Banker Takes on Additional Role in European Infrastructure Financing

Alexander Voigt, an investment banker at J.P. Morgan, has taken on an additional role in the infrastructure sector in Europe, according to sources. Voigt will now be responsible for infrastructure financing in the European market at the American bank. This move was revealed in an internal memo obtained by the sources.Currently, Voigt is already in […]

SafeMoon Faces Bankruptcy and Fraud Allegations

SafeMoon, a once-thriving cryptocurrency protocol, has filed for Chapter 7 bankruptcy amidst allegations of fraud and mismanagement. The founders of SafeMoon, Kyle Nagy, Thomas Smith, and Braden Karony, are facing a $200 million SEC lawsuit for securities fraud.The bankruptcy filing, officially submitted on December 14th, is a form of liquidation bankruptcy. SafeMoon’s Chief Restructuring Officer […]

Goldman Sachs Bullish on Ripple’s XRP, Calls it a Once-in-a-Lifetime Opportunity

Goldman Sachs has expressed optimism about Ripple’s XRP, calling it the “opportunity of a lifetime.” Former Goldman Sachs executive Raoul Pal and attorney John Deaton believe that XRP has real-world utility and market resilience, making it a valuable investment. Despite the SEC’s lawsuit against Ripple, Pal and Deaton see the potential for XRP to capture […]

Ripple Releases White Paper on Central Bank Digital Currencies

Ripple, a blockchain company, has released a white paper on central bank digital currencies (CBDCs), reaffirming its support for them. The 23-page document explains the basics of CBDCs, their benefits, and the challenges to their widespread adoption. Ripple believes that CBDCs can enhance financial inclusion, streamline cross-border payments, and strengthen monetary policy control. However, the […]

SEC Chief Considers Approval of Bitcoin Spot ETF Amid Negotiations with BlackRock

The Securities and Exchange Commission (SEC) chief, Gary Gensler, may change his stance on approving Spot Bitcoin ETFs. In a recent interview with CNBC, Gensler mentioned that the courts of Washington DC have provided their input on the matter, following multiple rejections of similar applications in the past.The SEC currently has several filings on its […]

Regulators Warn of Risks in Unsupervised AI Adoption for US Financial System

A panel of regulators has raised concerns about the rapid adoption of artificial intelligence (AI) and its potential risks for the United States’ financial system. The Financial Stability Oversight Council, chaired by Treasury Secretary Janet Yellen, highlighted these risks in its annual financial stability report.While acknowledging the benefits of AI in driving innovation and efficiency […]

Julius Bär Bank Faces Potential Conflicts of Interest and Risky Investments

Christian Dubler, Managing Director of Julius Bär in Frankfurt, has been in the spotlight recently due to his personal investment in Signa Sports United (SSU). According to a 2021 SEC listing, Dubler holds 100,000 shares of SSU, a company that faced financial difficulties in October. The involvement of a high-ranking Julius Bär banker in the […]

Elon Musk’s Assurances Fail to Prevent Potential Losses for Banks in X Takeover

Elon Musk has privately assured bankers who lent him $13 billion to finance the acquisition of the social media platform X that they will not lose any money in the deal. These verbal assurances were made to reassure the lenders after the platform’s value, formerly known as Twitter, has since plummeted, according to informed sources […]