TWO people who co-signed FTX co-founder Sam Bankman-Fried’s US$250 million bail package have been publicly identified as the former dean of Stanford’s law school and a senior research scientist at the elite university.
BITCOIN rose to the highest level since August on Wednesday (Feb 15), gaining for a second day as a decrease in risk aversion helps to temper concerns about a widening crackdown by US regulators.
WORLD Bank chief David Malpass announced on Wednesday he would step down nearly a year early, ending a tenure at the head of the development lender that was clouded by questions over his climate stance.
DEUTSCHE Bank will cut bonuses for staff who inappropriately used messaging services for business communications as the repercussions from a sweeping US probe ripple across the industry.
CHINA Resources Trust (CR Trust) said on Wednesday (Feb 15) it had set up its first product under China’s outbound investment scheme QDII that would give Chinese investors the opportunity to put money into an offshore mutual fund managed by BlackRock.
CREDIT Suisse started selling a euro-denominated senior unsecured bond on Wednesday (Feb 15), a lead manager memo seen by Reuters showed, tapping markets for the first time since the Swiss bank’s results almost a week ago warned of more losses.
A US crackdown on a Binance-branded stablecoin has sparked US$900 million in redemptions of the token in a little over two days, the latest shake-up in a tumultuous period for the cryptocurrency sector.
A flurry of volatility in the final three months of the year wasn’t enough for Barclays’ traders, who missed estimates in both fixed income and equities to send the bank’s shares sharply down.
BARCLAYS has docked the pay of some top executives by a combined £1 million (S$1.6 million) in 2022, following regulatory misteps and a costly overissuance of billions of US dollars worth of investment products in the United States.
