Cryptocurrency lender Celsius has laid off 150 employees, including some working in Israel and the U.S., reports Calcalist. The workforce reduction comes as the company is exploring options like pursuing strategic transactions and restructuring its liabilities. Recently, Sam Bankman-Fried-led FTX rejected a deal to acquire the lender after examining its balance sheet.
Rep. Ed Perlmutter, House sponsor of a bipartisan marijuana banking reform bill, filed an amendment to the Fiscal Year 2023 National Defense Authorization Act that would be incorporated into the Secure and Fair Enforcement Banking Act, reported Marijuana Moment.
Rep. Among the most important provision in The Capital Lending and Investment for Marijuana Businesses Act, is the one that would allow listing on national securities exchanges, such as the New York Stock Exchange and NASDAQ, according to Forbes. The news came on the heels of the Senate's rejecting the Secure and Fair Enforcement Banking Act for the sixth time.
Tim Seymour is the founder and Chief Investment Officer of Seymour Asset Management. It aims to provide clients with asset management and wealth management services, including direct investment and allocation to private equity and alternative assets.
Marijuana banking legislation will not be included in the final version of the United States Innovation and Competition Act, bipartisan congressional members concluded, Punchbowl News first reported on Thursday.
JPMorgan Chase & Co. is slashing price targets on four popular real estate investment trusts as recession fears continue to weigh heavily on the market. According to data from Benzinga Pro, JPMorgan updated its ratings on the four REITs as follows: Extra Space Storage, Inc. received an upgrade from neutral to overweight, but its price target was lowered from $224 per share to $193 per share.
Panama President Laurentino Cortizo has vetoed a Bill passed by the country's National Assembly, stating that it needs adaptation to the rules governing the Panamanian banking system.
The Bank of England has initiated its fifth consecutive interest rate hike with a 25 basis point uptick to 1.25%. What Happened: The central bank's Monetary Policy Committee voted 6-3 on the increase, with the dissenting voters seeking a more aggressive 50 basis point hike to 1.5%. In announcing the rate hike, the Bank of England acknowledged the U.K.'s inflation rate was "expected to average s...
Signature Bank shares are trading lower Monday alongside several companies in the broader banks and financial services sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required