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US authorities asking FTX investors for information on firm and Bankman-Fried

US AUTHORITIES are asking crypto investors and trading firms that worked closely with FTX to hand over information on the company and its key figures, including founder Sam Bankman-Fried and the former head of his Alameda Research investment arm, Caroline Ellison.

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Singapore chips away at Hong Kong’s hedge fund dominance

SINGAPORE is cementing its status as a regional hotspot for hedge funds, with the number of firms expanding from Hong Kong to the city state tripling in the past three years. At least 16 firms already operating in Hong Kong added a Singapore office between the start of 2019 and...

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Citigroup in talks to recoup errant US$500m Revlon loan payment

CITIGROUP is negotiating the return of about US$500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon, the now-bankrupt cosmetics company controlled by billionaire Ronald Perelman.

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IMF’s Georgieva to press for quicker action on debt relief with China

INTERNATlONAL Monetary Fund Managing Director Kristalina Georgieva said on Thursday that she will travel to Beijing next week with heads of other international institutions to press for quicker action on debt relief for poor and developing countries.

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Crypto scammer in ‘geniuses’ hack gets 18 months in prison

BY DAY, Nicholas Truglia led a lonely life from his luxury Manhattan apartment, playing video games and working out.

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FTX implosion prompts call for independent probe from DOJ arm

THE US Justice Department’s bankruptcy watchdog is calling for an independent probe into the collapse of FTX Group, saying a neutral party should investigate the cryptocurrency empire’s downfall.

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Barclays fined £8.4 million over lack of card fees transparency

BRITAIN’S Payment Systems Regulator (PSR) has fined Britain’s Barclays bank £8.4 million (S$13.9 million) for failing to give retailers full information about card costs, the watchdog said on Thursday (Dec 1).

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HSBC CEO ratchets ups cost-cutting target for next year

HSBC has identified US$1.7 billion of extra costs that can be stripped out next year, chief executive Noel Quinn said on Thursday (Dec 1), as the bank battles to improve returns amid calls for it to be broken up by its biggest shareholder.

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Deutsche Bank CEO says ECB not needed to run leveraged loans

DEUTSCHE Bank does not need warnings from its regulator to dial back the risk it faces in leveraged loans, its top executive said, adding to a chorus of bankers pushing back against what they see as excessive interference.

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SoftBank taps yield-hungry retail investors in Japan bond market

TECHNOLOGY giant SoftBank Group sold bonds to retail investors in Japan for the second time this year, underlining demand for juicier yields.

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