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FTX’s former top lawyer aided US authorities in Bankman-Fried case

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.

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New York sues Celsius Network founder Mashinsky, alleges fraud

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.

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JPMorgan must face lawsuit by Ray-Ban maker over US$272m cybertheft

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.

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First Abu Dhabi Bank says no longer considering possible offer for StanChart

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.

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Credit Suisse pays elevated rate in US$3.75b bond sale

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.

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Eurozone bonds drop after recent rally, ample supply weighs on prices

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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Investment banking fees in Asia ex-Japan slide 17% to US$28.6b in 2022: Refinitiv

THE Asia-Pacific region, excluding Japan, recorded a 17 per cent year-on-year drop in investment banking fees to US$28.6 billion in 2022 – the lowest annual total since 2019.

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Singapore’s latest six-month Treasury bill offers 4.2% yield

THE cut-off yield for Singapore’s first six-month Treasury bill (T-bill) auction this year closed at 4.2 per cent on Thursday (Jan 5).

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Standard Chartered becomes first foreign bank to trade bond futures in China

STANDARD Chartered’s China unit said it had become the first foreign bank to trade treasury bond futures in the country which is deregulating capital markets.

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FTX-linked Robinhood stake worth US$460m is seized by US

THE US government has seized — or is in the process of seizing — hundreds of millions of dollars worth of Robinhood Markets shares as part of the fraud case against Sam Bankman-Fried, founder of the failed crypto firm FTX, lawyers said in court on Wednesday (Jan 4).

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