The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n
See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n The US District Court Southern District of New York published<\/a> a list of assets Friday linked to the former CEO and co-founder of FTX Sam Bankman Fried that have been earmarked for forfeiture, including shares, bank account balances, and cryptocurrencies held in other exchanges. <\/p>\n\n\n\n Mainly, 55,273,469 shares in Robinhood worth about $526 million, allegedly bought by SBF with stolen funds, make up the bulk of the seized funds. The shares - acquired through Emergent Fidelity Technologies, a shell company created by SBF and his business partner Gary Wang \u2013 were recently at the centre of a tussle between Bankman-Fried, FTX Group, and BlockFi. <\/p>\n\n\n\n See Related: <\/em><\/strong>United States DOJ Seizes Over 55M Robinhood Shares And US$22M In Relation To SBF And FTX<\/a><\/p>\n\n\n\n Also in the document submitted by the US Attorney Damian Williams is $20.7 million held at ED&F Man Capital Markets and an estimated $50 million at Farmington State Bank. There is also an amount worth $5 million at Silvergate Bank under FTX Digital Markets. <\/p>\n\n\n\n The filing has also listed unspecified amounts in rival crypto exchange Binance and its subsidiary Binance US. Before the event leading to the FTX collapse, Binance had disclosed a rescue plan to help the bankrupt business, which never came through. <\/p>\n\n\n\n See Related: <\/strong><\/em>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n The government seized all the listed assets at the start of the month, and has not been classified as property in the bankruptcy estate. It means that the property is exempted from being frozen like the rest of FTX assets, which are pending liquidation, said sources privy to the matter.<\/p>\n","post_title":"US Prosecutors Seize $700M in Bank Accounts, Shares, And Cryptos Linked to Bankman-Fried","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-prosecutors-seize-700m-in-bank-accounts-shares-and-cryptos-linked-to-bankman-fried","to_ping":"","pinged":"","post_modified":"2023-01-22 01:40:30","post_modified_gmt":"2023-01-21 14:40:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9513","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9513,"post_author":"13","post_date":"2023-01-22 01:37:54","post_date_gmt":"2023-01-21 14:37:54","post_content":"\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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Quick Facts<\/h3>\n\n\n\n
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Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EU Banks Report 2022<\/h2>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EU Banks Report 2022<\/h2>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
Part Of The Assets Seized Are Cryptos Held With The Binance Exchange<\/h2>\n\n\n\n
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EU Banks Report 2022<\/h2>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
Quick Facts<\/h3>\n\n\n\n
\n
