The Local Danske Bank, Denmark’s largest, has pleaded guilty to defrauding American banks in order to move money from criminals in Russia and elsewhere into the US financial system and will forfeit $2 billion, the Justice Department said. Go to Source December 14, 2022 – 12:04 pm / Twitter: @hoffeldtcom

The Straits Times Business News December 14, 2022 11:10 AMSINGAPORE – Binance Holdings, the world’s largest crypto exchange, sought to counter concerns about outflows by reiterating its position that user assets are underpinned by reserves while also flagging an absence of debt. Go to Source December 14, 2022 – 6:08 am / Twitter: @hoffeldtcom

The Straits Times Business News December 14, 2022 11:00 AMSEATTLE – Amazon.com faces a US$280 million (S$377 million) lawsuit from a Vietnamese manufacturer of warehouse storage systems that alleges the e-commerce giant abruptly scaled back orders after online spending growth cooled this year, leaving the manufacturer saddled with excess production capacity and raw materials. Go […]Continue reading

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