June 26, 2025

National News

Crypto

A look at the major players in the crypto industry and their ties to Donald Trump – The Mercury News

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

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Banking

Scotiabank taps Finning executive as chief operating officer for Canadian banking unit

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

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Crypto

publicly traded companies buying bunches of bitcoin

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

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Loans

14 people arrested in alleged scam involving more than $25 million in COVID-19 relief and business loans – The Mercury News

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

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Investment

California man indicted after allegedly stealing more than $4 million in investment scheme – The Mercury News

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

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Finance

George Santos treasurer sentenced to probation for conspiracy

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

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Funds

Trump threatens to cut funds over trans athlete in California finals

REUTERS/KYLIE COOPER/FILE PHOTO People attend a Transgender Day of Visibility march and rally in New York City, on March 31. President Donald Trump threatened to withhold federal funding if California did not stop a transgender girl in high school from competing in state track and field finals, and said he would discuss it with Governor

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Investors

California attorney sentenced to prison for scamming investors out of $8.7 million to finance lavish lifestyle

A Newport Beach attorney who admitted that she swindled investors out of $8.7 million in order to bankroll her lavish lifestyle and high-rolling gambling habit was sentenced Monday, May 5 to one year and nine months in federal prison. A luxuriant lifestyle of high-end jewelry, luxury cars, a six-month stay at a opulent Las Vegas

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Mortgage

Monthly mortgage payments soar to record high

(NewsNation) — A typical monthly housing payment hit a record high of $2,807 during the last four weeks ending March 23, according to a study by Redfin. The 5.3% increase is a result of the average cost of home prices going up roughly 3% annually and mortgage rates sitting at 6.6%. “Buyers are cautious because they’re

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Banking

Questrade inches closer to winning Canadian banking licence

Questrade Financial Group Inc. moved a step closer to obtaining a banking licence in Canada, entering the final phase of a rigorous process to earn approval from the federal banking regulator. The Office of the Superintendent of Financial Institutions, or OSFI, published a notice on Friday that said the government had issued letters patent –

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