Ken Sweet
Banking Reporter at Associated Press
I’m the banking reporter for The Associated Press. Incoming @Bagehots fellow for 2024-25 at @Columbia. I also own a corgi named Latke.
Articles
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2 months ago |
winonadailynews.com | Fatima Hussein |Ken Sweet
WASHINGTON — First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits. The U.S. Securities and Exchange Commission filed lawsuits last week against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
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2 months ago |
roanoke.com | Fatima Hussein |Ken Sweet
WASHINGTON — First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits. The U.S. Securities and Exchange Commission filed lawsuits last week against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
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2 months ago |
roanoke.com | Ken Sweet
NEW YORK (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether. Banks issued roughly 680,000 reports of check fraud to the Financial Crimes Enforcement Network, also known as FinCEN, last year. That's up from 350,000 reports in 2021.
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2 months ago |
fredericksburg.com | Ken Sweet
NEW YORK (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether. Banks issued roughly 680,000 reports of check fraud to the Financial Crimes Enforcement Network, also known as FinCEN, last year. That's up from 350,000 reports in 2021.
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2 months ago |
journalnow.com | Ken Sweet
NEW YORK — Wells Fargo will pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission, the bank announced Tuesday. It's the first private settlement that Wells has reached since the company paid $185 million to federal and California authorities late last year. Authorities said bank employees, driven by high-pressure sales tactics, opened the bank and credit card accounts without customer authorization.
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This is why yields are rising and the dollar is falling. It’s a capital outflow at the macro level from U.S. markets.
Foreign Holdings of U.S. Treasury Securities have fallen to the lowest level since the mid 1990s 🚨🚨 https://t.co/Vew2rVtbTN
