Sheila Bair is worried about another housing bubble | CNN Business: Bair, who served as a federal regulator when the mid-2000s housing bubble popped, nearly taking down the entire financial system, said home prices today are “bubbly” following years of rock-bottom mortgage rates.
Metro Bank Gets Bondholder Backing for Debt Restructuring - Bloomberg: Metro Bank Holdings Plc said it has secured sufficient consent from its bondholders to extend its senior debt and restructure its junior notes as part of a rescue deal agreed over the weekend.
Inside FTX’s All-Night Race to Stop a $1 Billion Crypto Heist | WIRED: The same chaotic day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers. A WIRED investigation reveals the company’s “very crazy night” trying to stop them.
Investor in Evergrande’s Electric Car Unit to Pause Payments - Bloomberg: The electric vehicle unit of defaulted property developer China Evergrande Group said Dubai-based NWTN Inc. will suspend carrying out its obligations under their share subscription agreement.
FTX customers are still grappling with crypto platform's collapse | Reuters: For Lee Rees, 43, FTX was one of a handful of exchanges on which the London-based cryptocurrency trader earned a good living, profiting off fleeting price differences across the crypto market.
Fed Minutes Show Officials Divided on Future Rate Rise - WSJ: However, a run-up in Treasury yields since last month’s meeting could substitute for a final increase.
Commercial Real Estate Debt Universe Grows 5.9% Annually in Q2 2023: The universe of commercial mortgages increased by $320.5 billion year-over-year, or 5.9% from Q2 2022, to $5.8 trillion in Q2 2023, according to the Federal Reserve's flow of funds compiled by Trepp.
Real USD (USDR) stablecoin depegs and price crashes by 50% | The Block: The Real USD stablecoin has lost its peg and the stablecoin is now undercollateralized if you exclude the project's own token.
Is This “The Worst Job in Corporate America” — or Maybe the Best? - Freakonomics: John Ray is an emergency C.E.O., a bankruptcy expert who takes over companies that have succumbed to failure or fraud. He’s currently cleaning up the mess left by alleged crypto scammer Sam Bankman-Fried.