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...However, Tyr only tried to withdraw its assets from FTX around November 11, the day the exchange filed for bankruptcy, according to the filing....
...JPMorgan Chase, the nation’s largest bank by assets, had the highest profit of any lender, earning $11.7bn in the quarter from activities including lending and payment processing, up from $6.4bn in the same...
...The banks were forced to use their own cash to fund the takeover in October when the transaction closed....
...The money raised in this way is used to prop up the central bank’s foreign reserves, experts say....
...Banz showed that between 1926 and 1975, the average annual rate of return from large US stocks was 8.8 per cent, while smaller ones averaged 11.6 per cent....
...As analysts from Deutsche Bank noted, the new spot bitcoin ETFs have attracted nearly $8bn in funds since US regulators approved them on January 10....
...Having converted much of her investors’ cash into bitcoin, Zhang fled with the funds on a Lenovo laptop, one of the items later seized by UK police....
...Because of the higher borrowing cost from private markets, the haircut from private lenders would increase from 39 per cent to 50 per cent, or from $161.7bn to $209.3bn....
...Job moves Lazard has hired Ali Syed from Citigroup to work on sovereign wealth and pension funds in the Middle East, Asia and North America, according to people familiar with the matter....
...The Edinburgh-based bank, created to invest in sustainable businesses, had a pre-tax loss of £20.2mn in the year to March, from £11.2mn a year earlier, after suffering £17.8mn in “unrealised losses” mainly...
...Investors are warming to Goldman as a top pick to benefit from a potential rebound in investment banking activity in 2024, a business where David Solomon’s bank still outearns Morgan Stanley....
...“China’s rise took a number of decades, from [President Richard] Nixon’s visit in the 1970s, and with increased speed in the 1990s. That has got us where we are 25 years later,” he says....
...In nominal terms, China’s GDP is now 66 per cent of US GDP, down from 76 per cent in 2021....
...Depositors then withdrew $42bn from SVB and on March 10 it was seized by the US government. With confidence dented across the sector, New York’s Signature Bank also fell....
...on Ladbrokes owner Entain (FT) Innovative banks eye hot new opportunity: corporate loans (FT)...
...First Republic on Monday became the third bank to be seized by US regulators in the past two months, with the Federal Deposit Insurance Corporation brokering a hasty takeover by JPMorgan....
...Belgium’s port city of Antwerp is the largest cocaine trafficking hub in Europe, with a record of almost 110 tonnes seized last year, up from about 90 tonnes in 2021 and 66 tonnes in 2020, according to customs...
...The parent company of Silicon Valley Bank, the lender taken over by US regulators last week, has filed for Chapter 11 bankruptcy in a federal court in New York....
...A further $848mn in gains came from bets against First Republic, whose shares fell 89 per cent in March, before it received an emergency capital injection from 11 of America’s largest banks....
...In Kelleher’s hand was a single A4 sheet of paper, setting out the 11 terms on which his bank would be willing to step in....
...Kenza will have the lowdown from Paris in Friday’s Moral Money....
...They have co-led the unit for the past 11 years. Linklaters has hired Genna Marten as a private equity and financial sponsors partner from Travers Smith....
...According to blockchain analytics platform Chainalysis, hackers stole funds in USDC, as well as other coins....
...Of a total 66 blocks on the Olympic estate, now rebranded “East Village”, 16 still lack cladding safety certificates that banks require for mortgages....
...“A dramatic change has happened in the last decade or so,” says Sonali Pradhan, head of wealth planning at the Indian arm of Swiss bank Julius Baer....
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