(Reuters) A Malaysian court on Monday postponed for a week the biggest of five trials linked to a multi-billion dollar scam at state fund 1MDB and allegedly involving former prime minister Najib Razak.
Banks are counting billions of senior preferred debt as part of their loss-absorbing stacks, a practice allowed by regulators but which threatens to blur lines in the case of a resolution.
The China Securities Regulatory Commission has agreed to review a Rmb13bn (US$1.84bn) private placement offering from China Securities.
China’s sovereign wealth fund is in talks about acquiring a stake in Hengfeng Bank, paving the way for the third state-backed rescue of a troubled lender in as many months.
Muddy Waters’ devastating research into questionable valuations at litigation funder Burford Capital sent its shares crashing 60% and could have significant repercussions for the AIM-listed company’s two largest shareholders, Invesco and Woodford.