Jon Banks

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  FTX Crisis Explains Need to Bring Crypto World Within Regulatory Framework: Bank of England

  FTX implosion has explained the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. He added that FTX's woes highlighted the need for regulators to put in place tighter controls as quickly as possible. Currently, crypto firms in Britain only have to show they can put in place ...

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  More Tough Times Ahead For Cryptos, Warns Bank Of England's Policymaker

  Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.

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  Crypto Collapse Could Result in Global Financial Crisis, Claims Bank of England Executive

  The deputy governor of the Bank of England, Jon Cunliffe, has called for regulators to urgently set standard rules for cryptocurrency markets. He made a direct comparison between the growing popularity in cryptocurrency and the US market boom in sub-market mortgages, which gravely intensified the global economic crisis of 2008.

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  Bank Of England Governor Mark Carney's Term Extended

  Deputy Governor Jon Cunliffe will serve a second five-year term until October 2023.

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  Stop Robocalls: US States Tell Phone Companies

  The attorneys general of 44 U.S. states and Washington D.C. on Wednesday asked the country's largest phone companies to install technology that would allow consumers to block automated telemarketing calls, known as robocalls.

• Asia Shares Rise on Fed, China Policy Speculation

  The Dow hit a fresh record while the US dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them.

• Asia Shares Edge Up as Investors Second-guess Fed

  The Dow hit a fresh record while the US dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them.

• Asia shares up as China money rates dip, dollar gains

  A lacklustre U.S. jobs report had not diminished the central bank's confidence in the economy, wrote Fed watcher Jon Hilsenrath. Investors suspect he has an inside line to policy makers and put a lot of weight on his opinion.

• When Goldman's new CFO talks, insiders say they listen

  In 2004, Harvey Schwartz, who was then head of the financing business at Goldman Sachs Group Incs investment bank, came up with a new way for the bank to make money from a seemingly mundane activity- helping companies buy back their shares.

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  Bon Jovi's daughter ODs on heroin, claim cops

  Jon Bon Jovi's daughter Stephanie Bongiovi was hospitalised and facing drug charges on Wednesday after overdosing on heroin in a dorm at her college in upstate New York.

• Global stocks rally on stimulus hopes, euro dips

  Global stocks rose on Monday on expectations of stimulus measures by the European Central Bank and the US Federal Reserve.

• Greek turmoil spreads pessimism across markets

  Greece called a new round of elections for June 17 after coalition talks to form a government fell apart. The president said depositors were pulling hundreds of millions of euros out of banks, weakening the country's strained financial system. The main cause for investor worry was that Greece would pull out of the group of countries that use the eu...

• Citi shareholders against $15 mn package for Pandit, top executives

  Citigroup's shareholders have voted against the bank's proposal on top level compensations, which included a $15 million package for its India-born CEO Vikram Pandit.