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While some other financial exchanges have since started offering cryptocurrency speculation, the Chicago-based Cboe Global Markets became the world’s first in December.

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Large financial aid packages, a bloated salary base and insufficient fundraising efforts have left Loyola scrambling for a million-dollar solution to address a potential looming budget crisis.

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Loyola has suspended the South Asian Student Alliance (SASA), the largest cultural student organization on campus, for four years for several violations, including alleged fraud.

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Loyola President Jo Ann Rooney recently appointed Magdziarz — who’s served in multiple roles over the course of his more than 35 years at the university — to be Loyola’s next Chief Financial Officer (CFO) and Chief Business Officer (CBO) after former CFO Robert Munson stepped down in April to take another job in Cincinnati.

Breaking

Wayne Magdziarz will become Loyola’s next Chief Financial Officer (CFO) and Chief Business Officer (CBO), the university announced Aug. 3.