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.
