Newtek Business Services Corp. Achieves Record SBA 7(a) Loan Fundings of $198.0 Million in the Fourth Quarter and $560.6 Million for the Full Year 2021 BOCA RATON, Fla., Feb. 23, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company […]
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Crypto regulation is coming, just not this year: SEC’s Peirce
Securities and Exchange Commissioner Hester Peirce expects an SEC proposal to expand the definition of an exchange as a backdoor way to regulate cryptocurrency exchanges, but does not anticipate the commission will formally introduce direct crypto regulation this year. “The expansive definition that’s being proposed for exchanges will cover a […]
Lebanon’s crippled economy hobbles into new year | Business and Economy News
Beirut, Lebanon – For more than two years, people in Lebanon with United States dollar accounts in the country’s banks have faced severe restrictions on withdrawals, as hard currency dried up and the value of the Lebanese pound plummeted. So when Lebanon’s central bank issued a directive last month more […]
Asian Shares Mixed in Scant New Year Eve Trading | Business News
By ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) — Shares were mixed in Asia on Friday after a late slide pulled major indexes into the red on Wall Street, leaving the S&P 500 and the Dow Jones Industrial Average slightly below record highs. Tokyo and many other regional markets were […]
Stocks rise to kick off new year of trading
U.S. stocks closed at record highs on Monday, as investors built on momentum from last week into at least the first session of the new year. The S&P 500, Dow and Nasdaq each advanced. U.S. equities posted another year of solid gains in 2021, rising by 27% and delivering a […]
Bitcoin closes lucrative year with a whimper | Crypto News
Bitcoin is ringing out a banner year with a rocky finish. The largest cryptocurrency by market value is on pace to close out December with a 19% drop, its largest monthly loss since May. That’s also its worst December since 2013. And its 59% advance in 2021 marks its smallest […]
2022 will be the year that ESG ‘starts driving markets a lot more,’ Jefferies Global Head of ESG says
A number of catalysts poised to converge in 2022 will give a lift to global sustainable and ESG assets next year, according to a recent note from Jefferies. “We are seeing 2022 as the year when ESG not only becomes mainstream, but it starts driving markets a lot more,” Jefferies […]
How Coinbase rode crypto’s ‘inflection point’ to a rocky but momentous year
In 2021, Microsoft (MSFT) – Yahoo Finance’s company of the year – saw its market capitalization top $2 trillion. During the year, the ascendant cryptocurrency asset class set two major milestones: its market cap also topped $2 trillion, and Coinbase (COIN), the most popular U.S. based crypto exchange, went public […]
IRS seized $3.5 billion in cryptocurrency this past year, agency says
Almost all of the money seized by the Internal Revenue Service’s Criminal Investigation unit over the past fiscal year was in cryptocurrency, the agency announced Thursday — a strong indication of just how common it has become in the criminal world. The unit seized $3.5 billion in cryptocurrency in nontax […]
IRS seized $3.5B in crypto-related fraud money this year as illicit activity multiplies
The Internal Revenue Service’s Criminal Investigations Unit (IRS-CI) seized $3.5 billion from cryptocurrency-related fraud cases over the fiscal year of 2021, according to an annual report published by the agency, underscoring how the booming sector has also sparked a rise in the illicit use of crypto. According to the IRS-CI, […]