FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal (Stephen Gandel/New York Times)

Stephen Gandel / New York Occasions:

FTX sister company Alameda paid $11.5M for keep an eye on of a small WA-based US-licensed financial institution, elevating questions on why federal regulators licensed the deal  —  Thru a subsidiary, FTX invested $11.5 million within the guardian corporate of Farmington State Financial institution, which has a unmarried department and, till this yr, simply 3 staff.

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