(Bloomberg) — Saudi Aramco Base Oil Co., a refining unit of the state-owned oil producer, has named Citigroup and HSBC Holdings Plc for its initial public offering on the Saudi stock exchange, w...
Tag: Unit
India Banking Regulator Asks Paytm Unit to Reapply for License
(Bloomberg) — India’s banking regulator asked a unit of Paytm to resubmit its application for approval required to provide payment aggregator services, a potentially lucrative business the compa...
Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight
A U.S. unit of South Korea’s Shinhan Financial Group has agreed to bolster the oversight of its anti-money-laundering program as part of a settlement with the Federal Deposit Insurance Corp. Shinhan B...
GM EV unit BrightDrop forecasts $1 billion in 2023 revenue
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General M...
FTX Bahamas Unit Has Officially Filed for Bankruptcy
The local Bahamas arm of crypto exchange FTX has filed for bankruptcy protection in New York, following more than a hundred affiliates which applied for their own in Delaware last week. FTX Digital Ma...
Crypto lending unit Genesis is halting customer withdrawals – crypto.news
According to the latest reports, crypto brokerage Genesis suspends redemptions at its lending unit. The organization says that abnormal withdrawal requests cause that halt in the wake of the bankrupt ...
Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations – Bitcoin News
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive of...
Genesis’ crypto-lending unit halts customer withdrawals
Genesis’ crypto-lending unit has announced that they are currently halting all customer withdrawals as a result of the FTX collapse. Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wak...
Genesis Trading’s lending unit halts customer withdrawals
Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesda...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse – Exchanges Bitcoin News
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United ...
FTX’s Bahamas unit files for Chapter 15 bankruptcy protection
FTX Digital Markets, the Bahamas-based subsidiary of collapsed crypto exchange FTX, filed for Chapter 15 bankruptcy protection on Tuesday in the Southern District Court of New York. The filing c...
Huobi’s Unit Provides ‘Unsecured Financing’ to Support Victims of FTX Drama
Vladislav Sopov Journalist and insider Colin Wu shares details of Hong Kong-based unit of Huobi’s plan to cover client losses Contents Huobi’s founder provides $14 million to cover users&#...
New Huo Technology unit gets $14M loan from ex-Huobi CEO Leon Li to cover client funds stuck on FTX
Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18.1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to Nov. 14 press release. Hu...
MakerDAO Risk Core Unit makes urgent parameter change request in light of recent market events
The MakerDAO Risk Core Unit, a key group within the MakerDAO governance system, submitted an urgent request on Nov. 11 to change collateral parameters for the decentralized autonomous organization’s s...
Rakuten Is Said Cutting Mobile Unit Headcount to Woo Investors
(Bloomberg) — Rakuten Group Inc. is reducing headcount at its mobile unit and seeking outside investors to help turn around the loss-making business, according to people familiar with the matter...
Nomura Unit Preparing to Trade Crypto, Boost Staff by 45%
The crypto unit of Nomura — one of Japan’s largest banks — aims to grow its team to 55 over the next three months by capitalizing on talent in the world’s top financial cities. Laser Digital, establi...
Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto Markets – Regulation Bitcoin News
On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organiza...
Is Tesla’s Utility Scale Battery Unit A Winner?
| Getty Images Key Takeaways Tesla’s revenue has grown 56% year over year but missed investor expectations in Q3. Most of the revenue increases came from an expansion of its vehicle production busines...
UK police council reports there are officers in every unit trained for crypto enforcement
The detective chief superintendent for the United Kingdom’s National Police Chiefs’ Council (NPCC), Andy Gould, has said all police forces in the country have officers trained for investigations invol...
Intel Stock: Mobileye IPO Pegs Self-Driving Unit At $16.7 Billion
Intel (INTC) shares were active in early Wednesday trading after the chipmaker said the listing of its self-driving division, Mobileye Global (MBLY) , generated better-than-expected investor intere...
Binance US Appoints Former IRS Special Agent BJ Kang As New Head Of Investigation Unit
The leading cryptocurrency exchange, Binance US just launched its own investigation unit and as part of forming the departmental force, the company has appointed former FBI special agent BJ Kang as th...
Fidelity to beef up crypto unit by another 25% with 100 new hires
$4.5 trillion asset management firm Fidelity Investments is reportedly set to hire another 100 people to bolster the firm’s growing digital assets division — a stark contrast to the recent squee...
Binance.US taps ‘most feared man on Wall Street’ for new investigations unit
United States crypto exchange Binance.US has created a new “investigations unit” and tapped a former FBI special agent as its new head, with the aim of seeking out and stopping illegal activity on its...
Interpol reportedly creates dedicated unit to fight crypto crimes
The International Criminal Police Organization is reportedly planning to strengthen its crackdown on cryptocurrency-related crimes by forming a dedicated division. Interpol, the world’s largest global...
Goldman CEO David Solomon to break up struggling consumer finance unit
Goldman Sachs’ Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Denis Balibouse | Reuters Goldman S...
The COO of Block’s Bitcoin business unit explains how to get employees on board with emerging technologies
Good morning, Big tech projects like digital transformation, which CFOs are increasingly steering, are major investments. Not only is it costly, but implementing the technology requires buy-in from em...
AMC unit Odeon Finco to offer $400 million of 5-year bonds to raise money needed to repay term loans
Odeon Finco Plc, a unit of AMC Entertainment Holdings Inc. AMC, -4.33%, said Wednesday it is issuing $400 million of senior secured five-year bonds in a private offering. Proceeds of the deal will be ...
Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit – Markets and Prices Bitcoin News
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than...
General Motors Launches New GM Energy Business Unit To Focus On EV Ecosystem Integration
General Motors is launching a new GM Energy business unit to provide bidirectional charging, fleet … [+] charging management and stationary storage General Motors Transportation requires much mo...
Credit Suisse Extends Rally as Bidders Line Up for Key Unit
(Bloomberg) — Credit Suisse Group AG shares extended their rally to a third day after Bloomberg News reported that bidders are lining up for the bank’s securitized products unit, a key pillar in...