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FTX sues ex-Clinton aide's investment firm for $700 million

Bankrupt crypto exchange FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million in investments allegedly made with misappropriated FTX funds. ....

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Powell says U.S. Fed will make "judgment call" on costs of new regulations

Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking system is safe, Federal Reserve Chair Jerome Powell told Congress on Wednesday. ....

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Explainer: What's next for China Evergrande after restructuring proposal?

China Evergrande Group will get a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support. ....

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China Evergrande gains more than 77% backing of Class A debt holders for debt restructuring incentive

Embattled property developer China Evergrande Group said on Thursday it would extend the deadline for receiving an incentive for its debt restructuring proposal to May 18 as the company disclosed levels of support from offshore debt-holders for its proposal. ....

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Analysis: Crisis radar falls on fault lines in Europe's commercial property

European banks appear better positioned than U.S. peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the danger zone. ....

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