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MarketWatchDec 02, 2022
Key Words: ‘The outflows have basically stopped.' Credit Suisse chairman says stock-price volatility to end after capital increase is completed
Axel Lehmann, the chairman of Credit Suisse, tries to put an optimistic spin on the difficult times for Switzerland's number-two bank.

NPR Topics: BusinessDec 02, 2022
FTX collapse offers lessons about the cyber risks of cryptocurrency investing
The scandal involving the "King of Crypto" and the crash of his cryptocurrency exchange FTX continues to unfold. Former CEO Sam Bankman-Fried is under investigation for financial crimes.

Billionaire Bill Ackman and Kevin O'Leary think FTX's Sam Bankman-Fried is telling ‘the truth' about being unaware of major problems at his failed crypto exchange (Yahoo Business)

FT.com - Financial MarketsDec 02, 2022
Crypto exchange AAX's freeze on withdrawals sparks desperate search for funds
Implosion of Sam Bankman-Fried's FTX has sent shockwaves through industry

Forbes HeadlinesDec 02, 2022
Bankman-Fried's Complex Explanation Points To Comingled Funds On FTX
Former crypto wunderkind reveals details on the final days of the exchange and the relationship between FTX and Alameda Research.

Bankman-Fried's hedge fund took big hit to prop up FTX exchange (FT.com - Financial Markets)

Yahoo BusinessDec 01, 2022
The Sam Bankman-Fried roadshow rolls on: 10 crazy things the FTX founder has just said

Chicago Tribune Business NewsDec 01, 2022
Chicago Fed names ex-Obama adviser Goolsbee as next leader
As head of a regional Fed bank, the new president will have a vote on the central bank's interest rate decisions next year.

KiplingerSep 25, 2022
I've Inherited a Lot of Money. Now What?
It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.

SEE MORE How Much of Your Estate Will Be Lost to Taxes? I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:

They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps. The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.   It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes. 

Figuring out how to make the best use of an inheritance Here is how I generally approach these conversations to help a person make the best use of their inheritance:

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