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Largest U.S. cryptocurrency exchange Coinbase files for IPO as bitcoin soars past $23,000

Finance
Bitcoin course's graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018.Chesnot | Getty ImagesDigital currency exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high.On Thursday the company announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission. The form is expected to go into effect after the SEC completes its review process.California-based Coinbase, founded in 2012, has long been a go-to spot to buy and sell cryptocurrencies, and the company has grown into the largest digital currency exchange in the U.S.The company's filing comes on the heels of a surge in the price of bitcoin. On Thursday the largest cryptocur...

Chinese wealth management giant Lufax files for U.S. IPO

Finance
A logo of of Lufax website Lu.com, is seen at the company's headquaters on May 28, 2020 in Shanghai, China.Wu Jun | Visual China Group | Getty ImagesGUANGZHOU, China — Lufax, one of China's biggest wealth management platforms, has filed to go public in the U.S., amid a flurry of capital market activity by Chinese companies. The Shanghai-headquartered firm, which is backed by financial giant Ping An Group, plans to list on the New York Stock Exchange under the ticker "LU," according to a filing with the Securities and Exchange Commission.Lufax has not yet priced its shares or said how many it will offer during the listing.Chinese technology companies have been looking to take advantage of a rebound in stock markets to go public, including on Wall Street, despite the geopolitical tensio
FinCEN Files: HSBC moved Ponzi scheme millions despite warning

FinCEN Files: HSBC moved Ponzi scheme millions despite warning

World
HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.Britain's biggest bank moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014.Its role in the $ 80m (£62m) fraud is detailed in a leak of documents - banks' "suspicious activity reports" - that have been called the FinCEN Files.HSBC says it has always met its legal duties on reporting such activity.The files show the investment scam, known as a Ponzi scheme, started soon after the bank was fined $ 1.9bn (£1.4bn) in the US over money laundering. It had promised to clamp down on these sorts of practices.Lawyers for duped investors say the bank should have acted sooner to close the fraudste
‘Irretrievably broken’: Cardi B files for divorce from husband of three years

‘Irretrievably broken’: Cardi B files for divorce from husband of three years

Entertainment
Rapper Cardi B has filed for divorce from her husband Offset, whom she has been married to for the past three years.Cardi B, real name Belcalis Marlenis Almanzar, married the Migos singer Offset, real name Kiari Cepheus, in a secret ceremony in September 2017. The 27-year-old singer made the filing on Tuesday in Atlanta in Georgia - near their marital home. Image: Cardi B had a daughter with Offset in 2018, called Kulture Tuesday's filing states that the divorce is being contested by Offset, 28, with whom the rapper has a daughter Kulture.Cardi B is asking for "primary physical custody" of their daughter, while asking that Offset contributes to her "support and maintenance". ...
Airbnb files preliminary paperwork for public stock offering

Airbnb files preliminary paperwork for public stock offering

Technology
Airbnb has filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing businessBy DEE-ANN DURBIN AP Business WriterAugust 19, 2020, 10:12 PM3 min readShare to FacebookShare to TwitterEmail this article Airbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business. The San Francisco-based company said it submitted a draft registration statement to the Securities and Exchange Commission. It kept details in the statement confidential. Airbnb said the number of shares in the company it plans to sell and their price hasn’t yet been determined. The timing of the IPO also hasn’t been set. Airbnb, which was fo