BINANCE Holdings, the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin’s reserves which at times led to more than US$1 billion in missing collateral, according to one analysis.
HACKERS have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry.
COINBASE Global said on Tuesday (Jan 10) it will reduce its workforce by about 950 employees as part of a restructuring plan, in a third round of layoffs for the cryptocurrency exchange since last year.
TOP Japanese banks are targeting the end of this month to issue commitment letters for a loan that backs Japan Industrial Partners-led consortium’s takeover offer for Toshiba, according to people familiar with the matter.
SEVERAL senior dealmakers are leaving Nomura Holdings in Asia as the investment bank reacts to a slump in fees with broader global cuts, according to people familiar with the matter.
JEFFERIES Financial Group said profit fell 57 per cent in the fiscal fourth quarter, amid a persistent deal slump that looks poised to crimp a key profit engine across Wall Street.
MORGAN Stanley chief operating officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting the firm.
A HONG Kong unit of state-backed China Citic Bank Corp. is offering free Covid-19 mRNA vaccinations to sign up wealthy new customers as the border between the financial hub and mainland China reopened after three years of travel and quarantine restrictions.
Eurozone government bond yields rose on Monday (Jan 9) after falling sharply the previous week, as investors scrutinised economic data for hints about the path of interest rates.
