Founder Sam Bankman-Fried has resigned as CEO, Binance backed out of acquisition deal
DoJ, SEC are examining the firm for criminal activity, securities violations
Bitcoin down 12%, Ethereum down 13%
The deal would make Binance an even more dominant player in the cryptocurrency industry
Celsius Network stopped withdrawals and transfers between accounts
The observations came in the Fed's semiannual Financial Stability Report
The S&P 500 index dropped 106.84 points, or 2.3%, marking its worst day since February
Banks see few places to put their big profits other than back into the hands of their shareholders
The banks can resume paying out dividends to investors and buying back stock
Industry culture prizes in-person meetings to carve out deals