Crypto Lender Celsius Hires Restructuring Lawyers After Account Freeze

Celsius Network has hired lawyers to advise on possible solutions for its mounting financial problems, according to people familiar with the matter. 


 
China PBOC Leaves Key Policy Rate Unchanged

China's central bank left its key policy interest rates unchanged Wednesday after lowering benchmark lending rates in May to support the cooling economy. 


 
Gensler: Crypto Legislation Could Undermine Regulations

SEC Chairman Gary Gensler expressed concern that efforts in Congress to write legislation for the cryptocurrency industry could compromise regulations that govern the broader capital markets. 


 
SEC Alleges Rochester, N.Y., Misled Investors

The agency alleges that Rochester in 2019 sold $119 million of bonds on behalf of its school district without informing investors that the schools were in financial trouble. 


 
Bitcoin Price Dips Below $21,000

The market value of the entire crypto sector has fallen to less than $1 trillion from about $3 trillion in November as the industry continues to struggle with fallout from an extended selloff. 


 
Crypto Exchange Coinbase to Lay Off 18% of Staff

The company says it will reduce its workforce by 1,100 employees as part of its efforts to manage operating expenses during a slump in bitcoin and other cryptocurrencies. 


 
Antitrust Authorities Take Aim at Private-Equity Healthcare Deals

U.S. antitrust enforcers on Monday took action against a private-equity firm they say sought to stifle competition, in what regulators suggest could be the first strike against allegedly anticompetitive behavior by buyout firms in the healthcare sector. 


 
Citi Expects Significant Rate Increases From the Fed, CFO Says

Citigroup faces an unprecedented amount of uncertainty as it works through a business transformation at a time of rising interest rates and elevated inflation, its finance chief said at The Wall Street Journal's virtual CFO Network Summit. 


 
Bond Decline Continues, With No End in Sight

U.S. Treasury yields have surged to new multiyear highs, reflecting uncertainty over how high the Fed will have to raise interest rates to tame inflation. 


 
The Fed Pricked the Everything Bubble

It is hard for investors to escape. But not every investment is equally exposed to the Fed.


(END) Dow Jones Newswires

06-15-22 0015ET