Wells Fargo’s third-quarter profits fell 11 per cent, as the slight dip in interest rates in the quarter was not enough to reignite loan growth. An improvement in the commercial real estate market, however, drove a 3 per cent drop in non-performing loans, to $8.3bn, the bank said on...
After eluding profitability for two years, Coinbase executives celebrated posting $273 million in net income for the fourth quarter of 2023, putting the net profitability for all of 2023 at $95 million. Even before the earnings call, markets were reacting positively to Coinbase, with shares on...
The Tokyo District Court has reportedly found Karpeles guilty of mixing his personal finances with those of the exchange in order to conceal the platform’s losses to hackers. He received a two and a half years jail sentence, which he will not have to serve unless he commits another offence...