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Silvergate slides on plan to wind down bank operations and liquidate

SILVERGATE Capital plans to wind down operations and liquidate its bank after the crypto industry’s meltdown sapped the company’s financial strength. The shares plunged more than 50 per cent.

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Axa Investment registers as crypto service provider in France

FRENCH market regulator AMF said Axa Investment Managers had registered as a crypto service provider in the country, joining a list of several financial firms getting regulatory approvals to avoid service disruption in France.

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Binance.US gets judge’s approval to buy Voyager Digital despite regulator objections

VOYAGER Digital won court approval to sell itself to Binance.US, the US arm of the world’s biggest crypto exchange, after four days of contentious bankruptcy hearings in which state and federal regulators joined a handful of investors in opposing the approximately US$1 billion deal.

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Record private-credit deal may allow 50% of interest deferred

THE largest-ever buyout financing arranged by private credit firms would allow healthcare technology company Cotiviti to pay a whopping 50 per cent of the interest on a US$5.5 billion loan with additional debt.

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China’s yuan weakens to 2-month low, with key 7-per-dollar level in sight

CHINA’S yuan weakened to a more than two-month low against the dollar in early trade on Wednesday, approaching the threshold of 7 per dollar, as Federal Reserve Chair Jerome Powell’s hawkish rhetoric on US interest rates lifted greenback broadly.

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Silvergate is in talks with FDIC officials on ways to salvage bank

US regulators have been sent to the headquarters of Silvergate Capital, as the troubled crypto-friendly bank looks for a way to stay in business.

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Australia’s central bank says it is closer to pausing on rate hikes

THE head of Australia’s central bank on Wednesday said it was closer to pausing its aggressive cycle of rate increases as policy was now in restrictive territory and there were signs the economy was responding.

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PayPal CFO Jorgensen to step down following leave of absence

PAYPAL Holdings said chief financial officer (CFO) Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.

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Bespoke services and broader range of targeted solutions: Helping HNWIs secure their wealth and legacy

UOB Private Bank is going from strength to strength with an experienced management team in place to propel greater growth and expansion in Singapore and the region.

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Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

FOR investors living on the digital edge, Bitcoin is starting to look a little old-fashioned.

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