Distressed assets in the banking sector increase to Tk11 lakh crore: City Bank MD
At the beginning of December last year, the country’s distressed assets of the banking sector stood at TK7.56 lakh. Highlights Of the TK18 lakh crore in outstanding loans, TK11 lakh crore is now seen as distressed assets Only 7-9 banks meet international standards; nearly 40 fall below par Due to governance failures, some banks could […]
U.S. Treasury Takes Action Against Mayos Faction of Sinaloa Cartel, Freezes Assets in Rosarito Drug Route
The US Treasury has identified several key individuals and businesses linked to the Maios faction of the Sinaloa Cartel, including a former mayor from Baja California, Mexico. This action is part of efforts to tackle money laundering activities associated with hotels, restaurants, and bars located in popular tourist spots in Rosalito, Baja California. Recently, officials […]
BitGo submits a request for a US IPO with $90 billion in assets held.
Bitgo Files for U.S. IPO Amid Growing Institutional Demand Bitgo, a crypto custody firm, has submitted an application for an early public offering (IPO) in the U.S., likely aiming to tap into the rising demand for digital asset infrastructure following recent regulatory changes under the Trump administration. The company is looking to list its Class […]
Hulk Hogan is said to have left his assets to one child.
Hulk Hogan Leaves Significant Assets to His Son A recent report indicates that Hulk Hogan has left nearly $5 million in assets to one of his children. On Tuesday, his son, Nick Hogan, filed court paperwork and was named co-personal representative of his father’s estate alongside a man named Terry McCoy. Notably, Nick was named […]
Hulk Hogan left behind more than $5 million in assets and did not designate his daughter Brooke as a beneficiary of his estate.
Nick Hogan, the son of Hulk Hogan, has disclosed that his father left $5 million in assets, as per court filings after his passing. In documents submitted recently, it was revealed that his daughter, Brooke Hogan, is notably absent from the list of beneficiaries. The information was reported by a media outlet. The wrestling legend, […]
The implications of Goldman’s agreement with T. Rowe Price for private assets in your 401(k)
Goldman Sachs and T. Rowe Price Collaborate on 401(k) Alternatives Goldman Sachs and T. Rowe Price are teaming up to broaden access to alternative assets for those participating in 401(k) plans, marking a significant move in the industry. On Thursday, they announced their partnership aimed at providing retail investors with opportunities in the private market. […]
Crypto task force urged to future-proof digital assets
Quantum Computing Threatens Crypto Security A recent proposal submitted to the Securities and Exchange Commission (SEC) Cryptocurrency Task Force has raised alarms about Quantum Computing potentially undermining the cryptographic foundations of Bitcoin, Ethereum, and the broader digital asset ecosystem. The document, titled The Quantum Post-Quantum Financial Infrastructure Framework (PQFIF), was authored by Daniel Bruno Corvelo […]
Phil Falcone, billionaire hedge-fund manager facing difficulties, shares which of his assets were hardest to part with.
Phil Falcone’s Fall from Grace There’s been quite a dramatic shift for Phil Falcone, the once-prominent hedge fund manager who was worth around $2 billion. Now, he’s had to liquidate many of his prized possessions just to keep up with his financial obligations. His Upper East Side townhouse, a mansion in the Hamptons, and even […]
IRS Crypto Team Leader Resigns as U.S. Tax Reforms Approaching for Digital Assets
IRS Digital Assets Head Departs Amid New Tax Regulations The leader of the IRS’s digital assets unit, Trish Turner, has stepped down from her role in the private sector, coinciding with the introduction of new tax policies expected to create significant work for agencies regarding cryptocurrencies. It’s unclear who will oversee the office following her […]
Is your intelligence sufficient to invest in private assets? Experts warn that creating a test for investors is challenging.
New Regulatory Initiative for Accredited Investors If you’re looking to tap into investment opportunities that are usually reserved for the wealthy, there might be a possibility in the future—provided you can pass a test. However, that could be a challenge, considering many people struggle with basic financial literacy concepts. Experts suggest that developing effective tests […]