Senior Reporter at The Wall Street Journal @WSJ; previously in Frankfurt, Lisbon, London, DC. Born and raised in š§š· [email protected]
Singapore
Joined February 2012
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Patricia Kowsmann retweeted
NEWS: Trump has pardoned Changpeng Zhao, the convicted founder of the crypto exchange Binance, following months of efforts by Zhao to boost the Trump familyās own crypto company. w/@jdawsey1 @kowsmann @AABerwick wsj.com/finance/currencies/tā¦
Patricia Kowsmann retweeted
There's a new front in America's war on drugs. Chinese money brokers are teaming up with Mexican cartels to grease the wheels of the fentanyl trade.
Our go at explaining the world of Chinese money laundering. w/ @kowsmann @BrianSpegele
wsj.com/world/china/china-feā¦
Patricia Kowsmann retweeted
Betting on European lenders hasn't worked out well for hedge funds and other big investorsāuntil recently. Now, a small group is sitting on big gains after correctly timing the rally in European bank stocks.
My latest with @kowsmann: wsj.com/finance/banking/inveā¦
Patricia Kowsmann retweeted
The dangerous business of crypto in Africa.
wsj.com/finance/currencies/cā¦ via @kowsmann @ceostroff @alexandrawexler
Patricia Kowsmann retweeted
After scandal upon scandal, Christian Sewing pulled Deutsche Bank to firmer ground.
But investors aren't fully buying into the comeback story.
āMy biggest worry now is that people get arrogant again," he tells @kowsmann
wsj.com/finance/banking/the-ā¦ via @WSJ
Patricia Kowsmann retweeted
Christian Sewing pulled Deutsche Bank to firmer ground, but investors have yet to fully buy into the comeback story wsj.com/finance/banking/the-ā¦ via @kowsmann
Patricia Kowsmann retweeted
Binanceās guilty plea was a massive twist in the life of Changpeng Zhao, a crypto-industry figurehead who launched the online exchange in 2017 and developed it into a money-spinning trading machine on.wsj.com/49Q56qy on.wsj.com/49Q56qy
Patricia Kowsmann retweeted
Key risk and legal executives are leaving Binance.US at the same time the crypto exchange is under intense pressure from regulators. w/the great @kowsmann and @Vlajournaliste
wsj.com/livecoverage/stock-mā¦
Patricia Kowsmann retweeted
Binance was supposed to leave China behind when the country made cryptocurrency trading illegal in 2021.
Yet its users traded $90 billion of crypto-related assets in China in a single month, according to internal figures viewed by @WSJ
w/@kowsmann
wsj.com/articles/crypto-is-iā¦
Patricia Kowsmann retweeted
Sources say BaFin, the German regulator, believed Binance founder Changpeng Zhao wouldnāt pass a āfit and properā test, which looks at whether people are professionally and reputably apt to run or own a business it supervises. With @kowsmann and @ceostroff wsj.com/articles/binances-foā¦
Patricia Kowsmann retweeted
Binance slashed its employee benefits last month in the wake of falling profit, a sign of the financial strain hitting the crypto giant. w/@kowsmann
Contact info in my bio if any current or former employees want to chat
wsj.com/articles/binance-cutā¦
Patricia Kowsmann retweeted
Over 1,000 Binance employees have been fired in recent weeks, according to a person familiar with the moves. The exercise, which is continuing, could result in Binance losing more than a third of its staff, the person said. via @kowsmann and I
wsj.com/articles/binance-layā¦
Patricia Kowsmann retweeted
Binance has lost executives and laid off staffers in recent weeks as the pressure from federal investigations builds wsj.com/articles/binance-unrā¦ via @WSJ by @kowsmann @davidamichaels @ceostroff & @Vlajournaliste
Patricia Kowsmann retweeted
CZ "has resisted giving up control of the company or stepping aside, though many inside the firm believe his staying could put Binanceās survival into question, one former employee said." And more from @kowsmann @davidamichaels @ceostroff @Vlajournaliste wsj.com/articles/binance-unrā¦
Patricia Kowsmann retweeted
In reporting this story, RNS deleted some tweets and removed some language from its website.
Don't worry, we saved those statements. And you can read them here. w/@kowsmann wsj.com/livecoverage/stock-mā¦
Traders on Twitter said they were able to access digital asset exchanges banned in their countries with their Palau identification.
One trader urged @WSJ not to report on the program to avoid shutting it down. w/@kowsmann
wsj.com/articles/a-crypto-siā¦
Patricia Kowsmann retweeted
Binance Emergency Fund Dwindles as SEC Takes Aim at the Crypto Exchange wsj.com/articles/binance-emeā¦ by @ceostroff & @kowsmann
Patricia Kowsmann retweeted
In March, @kowsmann and I reported that Binance tried to woo chair Gary Gensler to be an adviser when he was a professor a few years ago.
Binance now says it was Gensler who offered to provide advice to the exchange.
wsj.com/livecoverage/stock-mā¦
Patricia Kowsmann retweeted
Wall Street Journal reporter Evan Gershkovich was detained in Russia on March 29 during a reporting trip and remains in prison. Weāre offering resources for those who want to show their support for him. #IStandWithEvan wsj.com/Evan
Patricia Kowsmann retweeted
"We stand united in demanding Evanās release and we wonāt rest until he is safely brought back home."
The publishers and top editors of @WSJ, @NYTimes and @WashingtonPost released a joint letter on Evan Gershkovich in today's edition of their respective papers. #IStandWithEvan
