Cambridge Analytica LLC, the firm at the heart of Facebook Inc.’s data scandal, is liquidating assets and has asked workers to vacate its London office, The Wall Street Journal reported. Crowe Clark Whitehill LLP, the administrator for the firm, said it marketed Cambridge Analytica’s business assets to potential buyers to stave off liquidation, but no acceptable offers were made. It said because of that, it has terminated employment contracts of U.K. staff Tuesday. Representatives for Cambridge Analytica didn’t respond to requests for comment.

The former chairman of Irish Nationwide Building Society (INBS), Michael Walsh, told an inquiry into the lender that an erroneous report in early September 2008 on the company’s financial position triggered a €1 billion run on its deposits, the Irish Times reported. He said a Reuters report on September 5th, 2008, that INBS was in “talks with its lenders to avoid insolvency”, which was subsequently retracted by the news agency, “was completely untrue, but the impact of that was to cause a run on the society” and added to general uncertainty in financial markets at the time.

European high-yield debt was the world’s best-performing market in the decade that followed the financial crisis, surviving bailouts, crashes, and Brexit to deliver returns of 100 percent, Bloomberg News reported. Italian populists may turn out to be its greatest test. One fifth of the market is concentrated in the nation via companies like Telecom Italia SpA and Moby SpA, and the prevailing political wind presents a looming threat, according to UBS Group AG strategists.

Some of Germany’s most prominent economists have joined forces to attack French president Emmanuel Macron’s proposals for deeper eurozone integration and have called on European leaders to set up a framework to allow countries to quit the single currency, the Financial Times reported. The criticism of Mr Macron’s reform agenda, which appeared in a letter in the Frankfurter Allgemeine Zeitung, highlights divisions within the EU over how to strengthen the bloc ahead of a crucial summit in Brussels next month.

A London court has dismissed charges against Barclays tied to the bank’s 2008 efforts to raise a $15 billion lifeline from Qatar and other investors, a legal victory for the British lender as it tries to turn its businesses around, the International New York Times reported. The decision is a blow to Britain’s regulators, who have pursued the case for years. The charges were the first in the country against a bank for actions during the global financial crisis.

The Greek government’s master plan to restore growth, after it emerges from eight years under harsh bailout conditions this August, revolves around a key factor that could jump start its economy: its banks. Prime Minister Alexis Tsipras presented to his cabinet on Monday in Athens the 110-page plan, which sets as its main priority the reduction of non-performing loans, the elimination of capital restrictions and the improvement of bank governance, Bloomberg News reported.

Cambridge Analytica, the UK business at the centre of an international privacy scandal, has revealed information about its financial condition for the first time after it and a related company, SCL USA, filed for bankruptcy in the US, the Financial Times reported. The documents show that a web of companies related to the now-defunct Cambridge Analytica — including its parent SCL Group — have filed for bankruptcy or “similar proceedings” after they were engulfed in controversy over the use of Facebook user information in political campaigns.

Italian assets were pummeled again on mounting concern over the populist coalition’s fiscal plans, with the moves rippling across European debt markets, Bloomberg News reported. Bond yields climbed to the highest levels in almost three years, while the premium to cover a default in Italy’s debt was the stiffest since October.

Deutsche Bank AG’s head of emerging-market debt trading has become the latest top executive to exit as high turnover roils Europe’s biggest investment bank. Sean Bates, who held senior roles at the firm since before the 2008 financial crisis, will be succeeded by James Davies, Deutsche Bank spokesman Charlie Olivier said Monday. Bates declined to comment, Bloomberg News reported. A string of top managers have departed since Christian Sewing took over as chief executive officer last month and signaled a restructuring of the struggling lender after years of losses.

It should have been a cause for celebration. The European Commission has acted at what by any bureaucratic standard must count as lightning speed to turn advice from the EU’s systemic risk supervisors into a concrete legislative project, the Financial Times reported. Instead, news that the commission is about to propose a financial benchmark asset for the euro has been greeted with misgivings.