Prosecutors drop a different charge from FTX co-founder Sam Bankman-Fried

Key Points

Federal prosecutors advised a Manhattan choose that they wouldn’t pursue a marketing campaign finance cost against FTX founder Sam Bankman-Fried following a procedural failing.
It is really the next time Manhattan prosecutors have had to forgo charging the billionaire, who is accused of precipitating the collapse of his crypto exchange via a multi-billion dollar fraud.
Bankman-Fried nonetheless faces several wire and securities fraud fees.

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Finance

Moody’s says the banking system, private credit markets are sound despite worries over bad loans

October 17, 2025

Key Points Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to Marc Pinto, Moody’s head of global private credit. “One cockroach does not a trend make,” Pinto said. Market sentiment appeared to improve Friday after a sell-off Thursday. Source

Finance

Stocks making the biggest moves premarket: Jefferies, Oracle, Fifth Third, Micron and more

October 17, 2025

Check out the companies making headlines in premarket trading. Regional bank stocks — The subsector ticked higher after driving down the broader market on Thursday. Zions rose more than 1% on the back of a Baird upgrade , while Western Alliance bounced by less than 1%. The SPDR S & P Regional Banking ETF (KRE) […]

Finance

Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion

October 17, 2025

Key Points Pony.ai’s Luxembourg unit and Stellantis said Friday they will work together on testing robotaxis for Europe. The companies will start testing in Luxembourg in the coming months, before expanding to other parts of Europe next year. The agreement comes as Waymo this week announced plans to start testing robotaxis in London. Source