Ken Sweet

Stay informed with Ken Sweet’s coverage and analysis for Fortune.

Page 4 of 5

  • Silicon Valley BankFinance

    Regulators have 2 massive problems to sort out with the Silicon Valley Bank collapse

    By Ken Sweet and The Associated Press
  • Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. SVB Financial Group bonds are plunging alongside its shares after the company moved to shore up capital after losses on its securities portfolio and a slowdown in funding. Photographer: David Paul Morris/Bloomberg via Getty ImagesTech

    Silicon Valley Bank has officially failed after less than a day of panicked selling as the federal government takes it over

    By The Associated Press and Ken Sweet
  • DOJ redliningFinance

    A Los Angeles bank just paid $31 million in the biggest redlining settlement in DOJ history for discrimination during the Trump years

    By Ken Sweet and The Associated Press
  • FTX founder Sam Bankman-Fried, is escorted from the Magistrate Court in Nassau, Bahamas, Wednesday, Dec. 21, 2022, after agreeing to be extradited to the U.S. (AP Photo/Rebecca Blackwell)Finance

    Sam Bankman-Fried’s ex-girlfriend among FTX associates to agree to cooperate against him in U.S. case

    By Ken Sweet, Rebecca Blackwell, and others
  • Sam Bankman-Fried in handcuffs.Tech

    FTX’s Sam Bankman-Fried will return to the US to face criminal charges and could spend the rest of his life in prison

    By Ken Sweet and The Associated Press
  • Rostin BehnamTech

    The DOJ threw the book at Sam Bankman-Fried, who could face up to 115 years in jail

    By Ken Sweet and The Associated Press
  • Sam Bankman-Fried, the founder and chief executive of FTX, in Nassau, Bahamas, on April 26, 2022.Finance

    SEC charges Sam Bankman-Fried with defrauding FTX investors

    By Ken Sweet and The Associated Press
  • NEW YORK, NEW YORK – NOVEMBER 30: FTX founder Sam Bankman-Fried speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. The New York Times held its first in-person DealBook Summit since the start of the coronavirus (COVID-19) pandemic with speakers from the worlds of financial services, technology, consumer goods, private investment, venture capital, banking, media, public relations, policy, government, and academia. (Photo by Michael M. Santiago/Getty Images)Finance

    Sam Bankman-Fried claims he did not ‘knowingly’ co-mingle FTX customers’ assets with his trading firm Alameda

    By Ken Sweet and The Associated Press
  • Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. This year’s conference theme is “The Search for Stability in an Era of Uncertainty, Realignment and Transformation.” Photographer: Ting Shen/Bloomberg via Getty ImagesFinance

    Assets worth a fortune have been recovered at FTX after its collapse—and the scramble is on to find more

    By Ken Sweet and The Associated Press
  • Changpeng ZhaoTech

    Binance will create a crypto ‘industry recovery fund,’ CEO says

    By Ken Sweet and The Associated Press
  • Sam Bankman-FriedRegulators

    Both the DOJ and SEC are probing potential criminal activity, securities offenses at FTX, source says

    By Ken Sweet, Michael Balsamo, and others
  • FILE – An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. (AP Photo/Kin Cheung, File)The Coins

    Bitcoin plunges to multi-year low as CZ’s Binance pulls out of deal to rescue Sam Bankman-Fried’s FTX exchange

    By Ken Sweet and The Associated Press
  • FILE – President Joe Biden announces his administration’s plans to eliminate junk fees for consumers, Oct. 26, 2022, in the South Court Auditorium on the White House campus in Washington. With time running out before the election, President Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge consumers. The announcement comes after months of high inflation has eaten away at Americans’ savings and made the economy the top issue for voters. (AP Photo/Patrick Semansky, file)Personal Finance

    Biden pushes crackdown on bank ‘junk fees’ that government says will save Americans $3 billion a year

    By Ken Sweet and The Associated Press
  • FILE – Sen. Elizabeth Warren, D-Mass., on a screen in the background, questions witnesses about Zelle, during a Senate Banking Committee annual Wall Street oversight hearing, Sept. 22, 2022, on Capitol Hill in Washington. On the panel from left, Wells Fargo & Company CEO and President Charles Scharf, Bank of America Chairman and CEO Brian Thomas Moynihan, JPMorgan Chase & Company Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, Truist Financial Corporation Chairman and CEO William Rogers Jr., U.S. Bancorp Chairman, President, and CEO Andy Cecere, and The PNC Financial Services Group Chairman, President, and CEO William Demchak. (AP Photo/Jacquelyn Martin)Personal Finance

    Fraud is booming on Zelle. But the banks that own it aren’t reimbursing scammed customers

    By Ken Sweet and The Associated Press
  • US Bankcorp bank branchFinance

    US Bank fined $37.5 million after workers opened fake accounts to meet sales goals

    By Ken Sweet and The Associated Press