2 Min Read
Bitcoin, a software engineer and a pastor
Yuri Lebedev is a software engineer accused of deceiving financial institutions into processing transactions for the unlicensed bitcoin exchange Coin.mx. Trevon Gross is a New Jersey pastor and former head of a credit union involved in the scheme. Their trial is set to begin today in a Manhattan federal court and it stems from an investigation connected to a breach JPMorgan disclosed in 2014 that exposed more than 83 million accounts.
Some global banks briefly froze credit lines for Singapore metal traders last month after a unit of Glencore uncovered fake warehousing receipts, reviving the specter of a $3 billion scandal that rocked the trading world three years ago.
Competition between network carriers is cutthroat and Verizon is reintroducing an unlimited data plan to stay in the game, five years after a first roll out.
Breakingviews: Fed's Tarullo departure a gift for banks
A regulatory force and bank watchdog since 2009, Daniel Tarullo's resignation leaves another big opening for President Trump to fill. Whoever succeeds him will be in a better position to roll back regulation than any attempt to reform Dodd-Frank.
Tweet of the day