Barclays is studying options for its global payments activities as a part of broader review into how it allocates resources, two people familiar with the matter told Reuters.
Binance founder Changpeng Zhao doesn’t have much to look forward to. On Monday, the U.S. Securities and Exchange Commission sued the world’s largest cryptocurrency exchange, accusing it of, among other things, artificially inflating trading volumes and failing to properly control U.S. accounts. Zhao has defended the exchange – and the cryptocurrency business – vigorously since his biggest competitor Sam Bankman-Fried was charged with fraud late last year. Even if he makes it through this regulatory blowback, crypto trading has moved against him.
Underlying price pressures in the euro zone may prove more difficult to tame but monetary policy is showing signs of effectiveness and further rate hikes must be done step by step, Dutch central bank chief Klaas Knot said on Tuesday.
UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia, as the Swiss banking giant plans to shore up talent in markets where its rival has a stronger presence, Bloomberg News reported on Sunday.