Wednesday, 6 April 2022

Reuters Global Investor: Crypto exchange Binance among investors to bail out victims of $615 mln heist

Crypto exchange Binance among investors to bail out victims of $615 mln heist

Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million digital coin theft, the company targeted in the heist said on Wednesday.

EXCLUSIVE Carlyle raises $4.6 billion for second credit fund

Carlyle Group Inc said on Wednesday it has raised $4.6 billion for its second credit fund that provides debt financing to companies, including family-owned businesses and private equity-backed firms.

Minutes of Fed's March meeting seen detailing a speedy balance sheet rundown

U.S. Federal Reserve officials on Wednesday will release more details on what's evolving as a three-year plan to trim several trillion dollars from the stash of assets purchased to stabilize financial markets through the coronavirus pandemic, its next step in the move to tighten credit and lower inflation.

UBS shareholders back bank's climate roadmap

UBS shareholders on Wednesday approved the bank's climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough.

HSBC buys bigger stake in its China securities venture

HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings.

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Digital bank Alpian eyes Swiss launch in Q3

Armed with a banking licence from the Swiss Financial Market Supervisory Authority, digital wealth manager Alpian plans to launch in Switzerland in the third quarter of 2022, the fintech group said on Wednesday.

JPMorgan allows clients to cancel depositary receipts in Russian companies- sources

JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to liquidate what have largely been frozen holdings.

Spain's banking bailout fund FROB surpasses 50% stake in bad bank Sareb

Spain's state rescue fund FROB has increased its stake in the country's "bad bank" Sareb to more than 50%, in line with a European Union order to count its liabilities as public debt.

World may be on cusp of new inflationary era, BIS central bank group says

The world is facing a new era of higher inflation and interest rates as deteriorating ties between the West, Russia and China and COVID after-effects drive globalisation into reverse, the head of the Bank for International Settlements has warned.

Scotiabank CEO criticizes government bank tax, misses AGM due to COVID

Bank of Nova Scotia Chief Executive Officer Brian Porter criticised the Canadian government's proposed bank tax in prepared remarks to shareholders on Tuesday, calling them a "knee-jerk reaction that sends the wrong message to the global investment community."

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