Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued him and his company.
Britain's economy is showing some signs of strain from the Bank of England's 13 back-to-back interest rate increases, but the jobs market is still generating inflationary heat and consumers have not reined in their spending sharply.
Australians are a sports-mad lot. So it’s fitting that one of the country’s most hotly contested deals involving overseas private equity firms is for Rugby Australia. CVC Capital Partners and Silver Lake are just two of the seven players, reports the Australian Financial Review, trying out to join the ownership team of the game’s national governing body. It’s an unusually competitive battle in a slow year for financial sponsors. It’s also a teaser for the deal fest buyout shops are gearing up for Down Under.
Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.
SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday.