Genesis Creditor Sees Possible Full Recovery of Funds
VanEck, one of the largest creditors ensnared in Genesis Global’s bankruptcy, expects Barry Silbert’s Digital Currency Group – the parent of the troubled crypto lender – to pitch in when it…
The Link Between Winklevoss Twins’ Gemini and Genesis
Gemini Trust, the firm founded by billionaire twins Tyler and Cameron Winklevoss, is cutting 10% of its workforce. Bloomberg’s Sonali Basak explains the link to Genesis. She’s on “Bloomberg Crypto.”…
Is there a wage-price spiral?
During this week’s MLIV Pulse survey, Bloomberg TV guests respond to the question: Do you see evidence of a wage-price spiral? To subscribe to the MLIV Pulse Survey run {NSUB…
Crypto Crisis: Lender Genesis Files for Bankruptcy
Bloomberg’s Sonali Basak breaks down the key crypto news from the week and big bank drama heading into the weekend. From the bankruptcy of crypto lender Genesis to Jamie Dimon’s…
Fed’s George: Have to Be More Patient on Inflation
Federal Reserve Bank of Kansas City President Esther George says she’s encouraged to see inflation coming down but it is still well above the Fed’s target during an interview with…
Crypto Firm Genesis Preparing for Bankruptcy Filing
Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation. It’s the lending unit of Digital…
Larry Summers on US Economy, Debt Ceiling, China, Inflation
Former US Treasury Secretary and Bloomberg contributor Lawrence Summers says he’s more optimistic about the US economy than he was a few months ago. He also talks about raising the debt…
Inflation Likely Below 3% by the End of Year: Barclays
“Inflation is going to come down pretty quickly,” Marc Giannoni, Barclays chief US economist for research, says during an interview on “Bloomberg Surveillance.” Follow Bloomberg for business news & analysis,…
A Bumpy Road for the Yen in 2023?
Following the Bank of Japan’s shock decision in December to relax its “yield curve control” policy, currency markets have been awaiting the Bank’s next move with trepidation. How will developments…
JPMorgan Sees Modest Recession, EMEA CEO Says
JPMorgan EMEA CEO Viswas Raghavan sees “light at the end of the tunnel” in the fight against inflation, and says the bank’s base case is for a modest recession. He…