Crypto hedge fund Three Arrows files for bankruptcy
Move by embattled investment firm comes days after liquidation proceedings began in British Virgin Islands
UK
Wise man looks for silver lining as dark clouds gather
Kristo Käärmann puts positive spin on payment app’s first year as public company despite FCA probe and jump in costs
Klarna valuation crashes to $6.5bn from $46bn
Swedish fintech’s decline highlights how investors are souring on ‘buy now, pay later’ sector
FTX agrees deal with option to buy BlockFi for up to $240mn
Exchange also extends $400mn revolving credit facility to lending platform amid turmoil in crypto markets
Deribit claims crypto hedge fund Three Arrows failed to repay $80mn
Court filings show issues at investment firm at centre of digital asset credit crunch
Vatican suffers £100mn-plus loss on Knightsbridge office sale
London estate agents puzzled by decline in value for prime property on Sloane Avenue
Robert Tchenguiz loses court fight with CMC over spread betting debt
UK property investor ordered to pay £1.31mn after trades went awry during the pandemic
Wealth managers must put ESG into practice
Clients increasingly target greener investment options
EY wins share of BNP audit amid break-up planning
The Big Four firm will share the audit of the French bank with rival Deloitte
Insurance/Solvency II: cautious sector has no appetite for rapid change
Industry regulator, with its mandate to ensure stability, has been pitted against the government
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