Former Sterlington, Louisiana, Mayor Vern Breland has, without admitting or denying the findings, agreed to pay a $35,000 civil penalty in addition to a permanent bar from future municipal securities offerings following his role in providing false projections to the Louisiana State Bond Commission in connection with two offerings worth $5.8 million, the Securities and
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An Oklahoma law prohibiting state and local government contracts with companies that “boycott” the fossil fuel industry is the target of a lawsuit, claiming the measure prevents public employee pension funds from performing their constitutional duty to operate for the exclusive benefit of their beneficiaries. The case filed in Oklahoma County District Court this week
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt sought to present an optimistic vision of UK growth as he announced various measures to “turbo-charge” the economy, but forecasts were cut sharply on Wednesday amid high inflation and interest rates. The chancellor
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Wisconsin has released a request for qualifications from firms willing to serve as bond underwriters in either a senior manager or co-manager capacity. The state Capital Finance Office will set up pools of qualified investment banking firms, which it will use to designate underwriting syndicates effective through Dec. 31, 2026. Clarifications are due by noon
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt said on Wednesday he would explore options to sell part of the state’s holding in NatWest to retail investors. The Treasury still owns 39 per cent of the UK high street
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Chancellor Jeremy Hunt had been under intense pressure from fellow Conservatives to deliver a tax-cutting Autumn Statement that showed the party was responding to voters’ financial struggles. Hunt had warned in recent weeks that the UK could not afford to cut taxes, even as a general election looms next year. In the event, he said
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Question: What could turn office-bound wage earners into digital nomads faster than a fully equipped Winnebago? Answer: The Covid-19 pandemic, of course. Covid liberated once-inert employees to move freely and work where they chose. For many, what they chose was the chance to travel widely, working from hotels and other hospitality industry settings. Marrying work
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Fiv years ago, you couldn’t trade with fiat currency on Binance, yet the exchange was already garnering international attention with the highest trading volumes among its peers. That’s no mean feat in the cryptocurrency industry, even in 2018, with several well-established exchanges commanding established and loyal user bases. Critics questioned why the world needed another
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Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. US authorities thwarted a conspiracy to assassinate a Sikh separatist on American soil and issued a warning to India’s government over concerns it was involved in the plot, according to multiple people familiar with
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The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF). The $4.3 billion settlement between the DOJ
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Bankrupt crypto lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini to recover $689 million in preferential transfers, according to a Nov. 21 court filing. The lawsuit alleges that during the 90-day period before Genesis filed for bankruptcy in January, Gemini withdrew an “aggregate gross amount of no less than approximately $689,302,000”
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Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have reportedly received a new email hinting at soon-to-come repayments. Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, on Nov. 21 started sending out emails to rehabilitation creditors regarding the commencement of repayment, according
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