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The Latest Breaking News from FRB

US Charges Former Fed Official With Spying For China

US prosecutors announced Friday that they have charged a former Federal Reserve advisor with spying on behalf of China while posing as a part-time lecturer at a local university.

International Business Times

'Disgruntled' engineer gets fired for porn on work laptop, claims he was watching the Matrix, revenge-hacks employer's IT network, lies to the secret service, goes directly to jail

Neo way.

PC Gamer

No. 1 Bank Stock to Short This Week

Investors remain jittery over the future of regional banks. PacWest Bancorp (PACW) has seen its stock price plummet over the past few weeks on concerns over its ability to stay afloat. With news of the bank looking at several strategic options, including a sale, I believe it could be wise…

StockNews.com

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Ackman Says Bank Of America Will Buy Signature Bank Monday, Predicts Crisis Of Confidence

Billionaire investor Bill Ackman said Friday that Bank of America will buy Signature Bank on Monday as other banks face peril

Zenger

Interesting New Contractual Due Process Lawsuit by Former Harvard Business School Professor

The case, filed by, among others, lawyer and FIRE co-founder Harvey Silverglate, is Edelman v. President & Fellows of Harvard College; an excerpt: Plaintiff Benjamin Edelman brings this suit in law and equity to correct the harm that Harvard University has caused to his career, livelihood, and reputation by unlawfully…

Reason

BOJ's continued monetary-easing policy leaves yen vulnerable

The weakening of the yen continues unabated. As part of efforts to buoy the economy, the Bank of Japan appears set to continue its massive monetary-easing policy, in stark contrast to the approach adopted by the United States.

The Japan News/Yomiuri

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