Russian authorities are working on a draft presidential decree to give the country's retail investors a way to unblock their frozen assets held in overseas accounts and sell them to foreign parties, the central bank said on Wednesday, Reuters reported. International sanctions against Moscow over its invasion of Ukraine have blocked many Russian investors' access to securities held in jurisdictions outside the country, while Russian countermeasures have frozen Western funds within.

Binance is helping Russians move money abroad, potentially adding to its sprawling legal problems in the U.S., the Wall Street Journal reported. The cryptocurrency giant, led by founder Changpeng Zhao, joined many other major international companies early last year in scaling back its business in Russia, one of its largest markets by trading volume at the time. After Russia invaded Ukraine, Binance said it had stopped working there and was implementing Western sanctions requirements. It restricted trading on its platform in Russia.

When United Kingdom housebuilder Crest Nicholson Holdings Plc reported its first-half results in June, it expected full-year profit to meet expectations of just under £75 million (£73.7 million to be exact). This morning it slashed that outlook to “around £50 million.” It mostly comes back to the ongoing stand-off between buyers and sellers in the U.K. housing market. Mortgages are much more expensive than they were 18 months ago. Banks are happy enough to lend — keen, even, as Marcus points out.

The number of companies filing for bankruptcy in Finland rose to the highest in 26 years last month as the slowdown in the Nordic economy puts a damper on business activity, Bloomberg News reported. Finland recorded the highest number of July bankruptcies since 1997, with 224 companies becoming insolvent, Statistics Finland said on Monday. Construction industry and other service businesses had the most failed companies, it said.

London-based digital-first healthcare platform Babylon Health has filed for chapter 7 bankruptcy in the United States for two subsidiaries — Babylon Healthcare and Babylon Inc. — as it shuts down core U.S. operations, according to documents filed on Aug. 9 in a Delaware bankruptcy court, Becker's Hospital Review reported. The filing comes shortly after a planned combination Babylon's core operating subsidiaries with MindMaze, digital neurotherapy company, collapsed.

DP Eurasia will file for bankruptcy for its Russian business and exit the country, the operator of the Domino's Pizza brand in Russia, Turkey, Azerbaijan and Georgia said on Monday, Reuters reported. In December, the company said it was considering options for its Russian operations, including a divestment, like other Western firms which have exited Moscow following its invasion of Ukraine. Some have managed to negotiate swift exits, often selling at huge discounts or handing the keys to local management.

The founder of SBB once said the property company could withstand interest rates of 10%. In reality, less dramatic increases have turned the stock into a bonanza for short sellers, the Wall Street Journal reported. The Swedish landlord was set up in 2016 and borrowed heavily over the next few years to pay for its growing property empire. SBB was “hooked on the crack of cheap debt,” according to Viceroy Research founder Fraser Perring, whose hedge fund published a critical report about the company last year and questioned whether it was valuing its assets properly.

A sluggish economy, higher interest rates and the expiration of pandemic-era life support for ailing companies is forcing more businesses in Europe to declare bankruptcy, WSJ Pro Bankruptcy reported. A new report also showed that new business creation in Europe is slowing, as the Biden administration’s support for green tech continues to draw new investment abroad.

RoyaleLife told a judge Wednesday that it is seeking to appoint administrators to one of its key subsidiaries, as the UK bungalow owner grapples with around £1.5 billion ($1.9 billion) of debt, Bloomberg News reported. A lawyer acting for Time GB Group Limited told London’s high court that it will apply for an administration order and has approached insolvency practitioners from FRP Advisory. Time GB Group is facing a winding-up petition that was filed by a company called Yarwell Mill Country Park Limited in May, according to public filings.

The U.S. Commerce Department on Thursday said it will set preliminary anti-dumping duties on tin-plated steel from Canada, Germany and China, in a move to shield domestic steelmakers that will prompt warnings of higher prices for cans made from the steel and the foods, paint and other products they contain, Reuters reported. The department said it will propose preliminary anti-dumping duties of 122.5% on tin mill steel imported from China, 7.02% on imports from Germany and 5.29% on imports from Canada. A formal Federal Register notice is expected later on Thursday.