California Attorney General Rob Bonta joined officials from 23 other states and the District of Columbia in suing the federal government Monday for the release of more than $6 billion in federal education funding that they say never arrived, including $939 million for California. Bonta, a Democrat, filed the legal challenge in the U.S. District
By Zeke Faux, Muyao Shen and Anthony Cormier, Bloomberg One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential pardon. Binance wrote the basic code to power USD1, a stablecoin launched by the Trumps’ World Liberty Financial
WASHINGTON — The sprawling tax and policy bill that passed Congress repeals a multibillion-dollar green bank for financing climate-friendly projects, and the Trump administration should be allowed to freeze its funding and cancel related contracts with nonprofits, federal officials said in a court filing. Climate United Fund and other nonprofits in March sued the Environmental
Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the
By WILL WEISSERT, Associated Press WASHINGTON — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto
Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
By ALAN SUDERMAN It’s one of crypto’s hottest trends: publicly traded companies buying bitcoin and then buying even more. President Donald Trump’s media company just announced a plan to raise $2.5 billion to buy bitcoin, joining a growing number of so-called “bitcoin treasury companies” as the world’s most popular cryptocurrency hits all-time highs. The companies
Fourteen people, including several Southern California residents, were arrested Wednesday, May 28, and accused of scamming the government out of more than $25 million in COVID-19 relief funds and federal small business loans, according to the U.S. Department of Justice. Two federal criminal complaints named 18 defendants, four of whom are believed to be in
A Redondo Beach man was charged last week in North Carolina after he allegedly posed as an investment adviser and defrauded victims of more than $4 million over the course of several years. Jon Patrick Kubler, 52, was indicted on charges of securities fraud and transactional money laundering after he allegedly provided investment planning and
CENTRAL ISLIP, N.Y. (AP) — George Santos′ former campaign treasurer was sentenced Wednesday to three years’ probation for her role in fabricating campaign finance reports for the disgraced ex-congressman from New York. Nancy Marks, addressing a federal judge on Long Island, said she’d learned from her mistakes, walked away from politics and started her life