Crypto scam wrecks Kansas bank, sends CEO to prison
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency …
Banks
Bankers Have Lost So Much Money Thanks to Elon’s Terrible Twitter Deal
Everyone knew Elon Musk was overpaying for Twitter when he bought the social media platform back in 2022. That’s precisely why the billionaire tried to back out of the deal …
Westpac posts steady third-quarter profit, helped by higher capital earnings
A Westpac bank branch in Sydney, Australia. Katharina13 | iStock Editorial | Getty Images Australia’s Westpac Banking Corp beat analyst forecasts for third-quarter profit on Monday and reported improved net …
China’s new loans hit a 15-year low, but investors ‘should not panic’
A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images China’s new bank loans fell to a …
Lawyer on Deutsche Bank’s Postbank settlement offer
A Deutsche Bank branch in the financial district of Frankfurt, Germany, on May 6, 2022. Alex Kraus | Bloomberg | Getty Images A lawyer representing plaintiffs in a long-running case …
Lost in the rotation out of tech stocks is a bullish call on major banks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market …
UBS second-quarter earnings 2024
Swiss banking giant UBS on Wednesday smashed net profit expectations for the second quarter, amid cost-cutting steps and swelling revenue at the lender’s global wealth management and investment bank units. …
South Africa is no longer TOP dog on the African continent
South Africa is no longer the top dog on the African continent when it comes investment prospects. This is according to RMB’s Invest in Africa 2024 rankings, which believes South …
CrowdStrike blames defect in content update for epic global tech outage
CrowdStrike is blaming a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off last week’s global tech outage …
Jim Cramer says Tesla soared on a short squeeze, questions ServiceNow sell call
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Corning : Shares of the specialty materials company popped more than 10.5% on …