US PROSECUTORS have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about US$110 million in October by rigging the Mango Markets cryptocurrency exchange.
FEDERAL prosecutors are investigating an alleged cybercrime that drained more than US$370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month.
CHINESE regulators published a set of rules on Tuesday (Dec 27) to assess the operational risks of foreign banks’ Chinese branches, as well as the level of support they receive from their global headquarters.
MALICK Diop felt something shifting on Wall Street.
SOME Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel due to the nation’s massive Covid-19 outbreak start to disrupt operations.
ACQUISITION talks between crypto lenders Nexo and Vauld haven’t yet resulted in an agreement, as Vauld stares down a Jan 20 deadline to present a restructuring plan to creditors.
Discussions with Nexo “had unfortunately not come to fruition,” Vauld wrote on Monday in an email to creditors.
THE Bank of Russia could raise interest rates in 2023 if inflationary risks such as labour shortages and import restrictions have a meaningful impact, Deputy Governor Alexei Zabotkin told the RBC daily in an interview.
RUSSIA’S dominant lender Sberbank will be forced to close its office in the United Arab Emirates (UAE) early next year, first deputy chairman Alexander Vedyakhin said on Monday (Dec 26), blaming sanctions pressure.
JAPAN’S Ministry of Finance has finalised its plan to raise the 10-year Japanese government bond (JGB) coupon rate to 0.4-0.5 per cent from the Jan 5 auction, doubling the current 0.2 per cent, Kyodo news agency said on Monday (Dec 26).
SOME Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-19 outbreak start to disrupt operations.












