New York investment firm turns to a former Goldman executive to replace Michael Sonnenshein as chief executive
Putting the tosh in Satoshi
US currency on track for first negative month of the year after end to months of above-forecast CPI data
Plus, updates on Tornado Cash and bitcoin mining
Legal expertise based on experience in government and industry is in demand to help shape regulation
American companies issue €30bn in euro-denominated bonds as investor demand for European corporate debt grows
US group has held discussions with market participants over Switzerland-based market
Unilateral efforts to prop up Japan’s currency are expensive and potentially futile
Asset manager pushes deeper into digital assets after ETF success
Also in today’s newsletter, some top banks are still expanding in fossil fuel finance, says a new report
Investors should not be so quick to dismiss the regulatory risks
Olayemi Cardoso took over after previous chief printed money to fund deficits
Even more serious than Fed rate rises would be a politically driven devaluation of the US currency
Hedging foreign exchange exposure becomes more important amid increasing geopolitical risk and diverging economies
Plus, Robinhood receives a Wells notice and better news for FTX customers
Funds that were willing to buy claims for cents on the dollar and wait for the bankruptcy process to play out have earned
Hong Kong’s first spot crypto ETFs launched at the end of last month
Resilience of global economy, higher commodity prices and support from IMF help drive returns for lower-rated bonds
Krona falls against dollar after Riksbank trims main rate to 3.75%, its first reduction for eight years
Investors raise short positions to 16-month high as conviction grows that UK borrowing costs will fall ahead of US
Reorganisation plan for Sam Bankman-Fried’s failed crypto exchange will pay 118 cents on the dollar
New bills worth $11 aim to help population avoid having to carry bricks of cash
Government agency has a mandate to regulate securities, not technology
Retail brokerage says ‘Wells notice’ comes after years of attempts to seek regulatory clarity
If there is pressure on the Chinese currency, it could have far-reaching economic and political consequences
International Edition