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☆ Famous figures who had Titanic tickets but didn't make it on board
  + stars: | 2023-06-28 | by ( Gabbi Shaw | ) www.businessinsider.com   time to read: +1 min
As the Titanic was the height of luxury in 1912, some celebrities had tickets for its maiden voyage. But not all of them ended up boarding the ship. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe sinking of the Titanic in April 1912 still captivates us today, with numerous books, a multibillion-dollar movie, museums, and, controversially, expensive tours of the wreckage available.
Persons: Pierpont Morgan, Milton Hershey, —, didn't — Organizations: Service
☆ Jamie Dimon is riding to the rescue again. This time, he's poised to come out on top.
  + stars: | 2023-03-31 | by ( Carter Johnson | ) www.businessinsider.com   time to read: +15 min
Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.
☆ Where is Silicon Valley's J. Pierpont Morgan?
  + stars: | 2023-03-17 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +3 min
After withdrawals lashed the banking system in 1907, financier J. Pierpont Morgan corraled his peers into using their own money to calm the crisis. The contrast with Silicon Valley – which is also embroiled in the ongoing firestorm – couldn’t be more stark. Startup and technology firms’ cash crunch precipitated the fall of Silicon Valley Bank and its parent SVB Financial (SIVB.O), which in turn sparked panic in the financial system. Silicon Valley is fragmented and built on an individualistic ethos. Real, toothsome regulation might force Silicon Valley’s great minds to realize how interconnected their ecosystem is.
☆ Sam Bankman-Fried finds sympathy from Bahamians after the FTX implosion - but local rules make it very unlikely they were ever invested in crypto
  + stars: | 2022-12-28 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Sam Bankman-Fried has found sympathy from Bahamians after his crypto empire imploded, according to a New York Times report. One reason Bahamians may express sympathy towards SBF is because of local laws that make it difficult for them to invest in crypto. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. His presence in the Bahamas attracted well-to-do investors to the island via crypto conferences. That's because local rules make it difficult for Bahamians to buy cryptocurrencies, as there are various hurdles they need to navigate.
☆ Sam Bankman-Fried's Alameda will repay $200 million in crypto to bankrupt lender Voyager - after the crash hit dollar values
  + stars: | 2022-09-20 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +3 min
Sam Bankman-Fried's Alameda plans to give crypto worth $200 million to Voyager to pay off a loan. The loan was worth $377 million before the crypto slump, which helped push lender Voyager into bankruptcy. Alameda agreed to make the payment in bitcoin, ether and seven smaller cryptos by the end of September. For its part, Voyager will return the tokens Alameda pledged as collateral against the loans, including 4.65 million FTT and 63.75 million SRM tokens. In July, the crypto billionaire offered Voyager $250 million in credit, but the crypto lender turned it down.
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