Almost $125 billion worth of assets, from performance losses and asset flows, left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on Friday in the latest sign of the havoc that volatility wreaked on the industry last year.
The Italian economy is expected to grow by 0.6% this year, the central bank said on Friday, slightly raising a previous forecast of 0.4% made only last month and aligning its estimate with the government's official projection.
Spain's Santander is the only major bank operating in Germany that has not announced a special payment to local staff to help them with soaring inflation, union officials told Reuters, although the bank said talks were ongoing.
The lending unit of U.S. crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, the latest company toppled by a market rout last year that wiped about $1.3 trillion off the value of crypto tokens.
Caisse des Depots's (CDC) offer to restructure Orpea's debt is still on the table, the French public financial institution said on Friday, a day after the care homes group said it had failed to reach agreement with investors and creditors.
U.S. crypto company Digital Currency Group (DCG) is at the center of the industry's latest meltdown after the lending arm of one of its companies, Genesis, froze customer redemptions in November.
U.S. crypto company Digital Currency Group (DCG) is at the center of the industry's latest meltdown after one of its companies, Genesis, froze customer withdrawals in November.
Mexico's Grupo Financiero Banorte expects to grow its profitability in 2023, it said on Thursday, after reporting a 28% year-on-year increase in fourth-quarter net income.
