NOMURA Holdings plans to break a profit at its crypto unit within two years as the spectacular failure of Sam Bankman-Fried’s FTX exchange spurs demand for safer counterparties in the digital-asset sector.
BLACKSTONE’S behemoth private credit fund hit its redemption limits for the first time in its two-year history as investors yank capital from the US$50 billion corporate lending vehicle.
CREDIT Suisse Group bankers are trying to entice rich clients with higher-yield notes and bonus deposit rates in a bid to quickly recoup as much as possible of the almost US$90 billion recently pulled from the bank.
DEUTSCHE Bank and Rabobank received formal complaints from the European Union’s antitrust watchdog for their alleged roles in a cartel for euro-denominated bonds, setting them up for potential fines from the regulator.
CONTAGION from the collapse of crypto exchange FTX is spreading into the world of decentralised finance, as lending protocol Maple Finance severed ties with a hedge fund that defaulted on almost US$36 million worth of crypto loans on its platform.
PENSION funds and other ‘non-bank’ financial firms have more than US$80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.
FOREIGN investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle that may boost the stocks of the country’s largest lenders.
