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To: Liz
How FTX got federal approval to buy its stake in the Farmington mini bank.

What is the name of the fed regulator that signed off on the deal?

6 posted on 11/26/2022 7:32:56 AM PST by dearolddad
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To: dearolddad

The OCC or the FDIC would have been the likely regulator options.

Until something suspect happens or the money is known to be illegally acquired, I’m not sure what restrictions there are on cash infusions from investors.

I will say I am blown away with any bank under the multi-billions of dollars in assets having a person with a “chief digital officer” title.


13 posted on 11/26/2022 8:07:22 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: dearolddad

We still don’t know.


23 posted on 11/26/2022 8:27:25 AM PST by Liz (Vox Populi, Vox Dei (voice of the people is the voice of God))
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