BLOOMBERG The troubles at Silicon Valley Bank and its subsequent collapse have driven investor attention to the heavy investment in US bonds by Japan’s lenders, casting a pall over their shares. SVB’s woes have been rooted in tens of billions of dollars it plowed into longer-term bonds, confident that rates would stay steady. Japanese banks have also stepped up investment ...

BLOOMBERG Binance Holdings Ltd, the world’s largest crypto exchange, is suspending deposit and withdrawal services via bank transfers and card payments for UK customers after its local banking partner stopped providing support for transactions in British pounds. Paysafe, a London-based online payments company, said it would stop providing one of its products to Binance’s customers in the UK, citing local ...

BLOOMBERG Credit Suisse Group said it found “material weaknesses” in its reporting and control procedures for the past two years, after questions from US regulators. The Zurich-based bank said it will take steps to fix ineffective checks on the process it follows to pull together its financial reports. But the firm said its statements for 2022 and 2021 “fairly present” ...