CHINESE banks are among a handful of lenders finalizing a deal to buy around 600 million euros (US$631 million) of the debt backing the merger of Orange and Masmovil Ibercom SA’s Spanish divisions, one of Europe’s largest leveraged finance deals.
STANDARD Chartered’s Bill Winters wanted to mark the start of 2023 “with a little kindness”, he said on LinkedIn, but instead finds himself in the middle of a fresh debate about the emerging-market lender’s future.
CHINA’S yuan is set for its longest run of gains in a month after policymakers announced a raft of new measures to support the Covid-battered economy.
THREE Arrows Capital co-founders Su Zhu and Kyle Davies have received formal demands for information related to the downfall of their crypto hedge fund in an unorthodox forum: Twitter.
FTX’S former top lawyer Daniel Friedberg has cooperated with US prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month.
NEW York’s attorney general on Thursday (Jan 5) filed a civil lawsuit accusing Celsius Network founder Alex Mashinsky of scheming to defraud hundreds of thousands of investors by inducing them to deposit billions of dollars in digital assets with his cryptocurrency company.
JPMorgan Chase was ordered by a New York judge to face a lawsuit by the French maker of Ray-Ban sunglasses, which said cybercriminals withdrew US$272 million from its New York account after the bank ignored “red flags” of suspicious activity.
FIRST Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Thursday (Jan 5) it was considering a bid for London-listed Standard Chartered but was no longer doing so.
CREDIT Suisse Group is paying up to raise billions of US dollars in the US and UK as the troubled lender relies on attractive terms to keep funding plans in place.
EUROZONE government bond prices fell on Thursday (Feb 5), halting a rally earlier in the week on signs that inflation may have peaked in the bloc, with heavy government bond supply adding to pressure on prices.
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