BLOOMBERG Bank of America Corp (BofA), one of the few major Wall Street banks to avoid mass job cuts in recent months, has begun moving investment bankers into busier areas as the industry deals with a slowdown in dealmaking and capital markets. For years, the company has relied on attrition as a way to manage headcount, Chief Executive Officer Brian ...

BLOOMBERG Bitcoin fell to a three-week low, sapped by the collapse of crypto-friendly bank Silvergate Capital Corp and the prospect of higher-than-expected central bank interest rates. The largest token fell as much as 1.9% on Thursday, dropping for a fourth session, and was trading at about $21,780 in Singapore. Smaller coins ranging from Ether and Solana to Avalanche were subdued. ...

BLOOMBERG Silvergate Capital Corp plans to wind down operations and liquidate its bank after the crypto industry’s meltdown sapped the company’s financial strength, sending shares plunging. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of bank operations and a voluntary liquidation of the bank is the best path forward,” the company said in ...