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| Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows with attractive yields to beat market volatility. |
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| France's Livret A bank savings rate - held by millions of customers across the country - may be raised from 1% to 2% in August, the second rise of the year amidst a soaring inflation, Bank of France Governor François Villeroy de Galhau said. |
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| Credit Suisse has postponed the initial public offering of its 1a Immo PK real estate fund, the bank said on Wednesday, citing current market turbulence. |
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| Germany's financial sector is facing an uncertain future amid the energy dispute with Russia, the head of the country's financial regulator BaFin said in a newspaper interview published on Wednesday. |
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| The European Union's body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so that none remain "too big to fail" by January 2024. |
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| Vermont's Department of Financial Regulation (DFR) on Tuesday said it believes cryptocurrency lender Celsius Network is "deeply insolvent" and does not have the assets and liquidity to honor its obligations to customers and other creditors. |
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| Wells Fargo & Co on Tuesday won the dismissal of one lawsuit and much of a second accusing the fourth-largest bank of failing to monitor toxic mortgage-backed securities that were a major cause of the 2008 global financial crisis. |
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| UBS , the world's biggest wealth manager, on Tuesday named Iqbal Khan the sole head of the Swiss bank's global wealth management division in an executive board reshuffle. |
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| Nubank Holdings Ltd's announcement that Brazilian customers' deposits will not yield interest in the first 30 days was seen by analysts as an important step toward reducing the digital bank's funding costs. |
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| The U.S. Treasury on Tuesday said it was seeking comment on the on the risks and opportunities posed by digital assets as it seeks to prepare a report for President Joe Biden on the implications of developments such as cryptocurrencies. |
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