Elixir Labs, the issuer of yield-bearing tokenized fund deUSD, has launched a claims portal to return funds to lenders impacted by its exposure to Stream, Bankless.com reported. Elixir has committed to an approximately 80% recovery rate for users who lent against its deUSD and sdeUSD tokenized yield products through Euler and Morpho's lending markets. Eligible users in affected vaults and markets (as determined by a snapshot taken on or about November 2, 2025) can claim a pro rata distribution of recovered funds by agreeing to an Elixir-proposed settlement.

Visa and Mastercard can challenge a judgment that found their ​default multilateral interchange fees charged to ‌retailers infringe competition law, London's Court of Appeal ruled on Tuesday, in a long-running ​legal battle over the charges, Reuters reported. The Competition ​Appeal Tribunal ruled last year, in linked ⁠lawsuits brought by hundreds of merchants, ​that Visa and Mastercard's multilateral interchange fees ​breached European competition law.

The outbreak of hostilities in the Middle East and surging energy costs are expected to exacerbate soaring levels of financial distress among European corporates, according to Alvarez & Marsal Inc., Bloomberg reported. Even before the US and Israel began their attacks on Iran on Feb. 28, financial strain among the continent’s businesses was at a four-year high, a new report from the consultancy firm released on Tuesday said.

The number of companies collapsing into administration jumped by nearly a third last month, official figures have shown, as fears mount that cost pressures from the Iran war could push more firms to the brink, PAMedia.com reported. The Insolvency Service said that company administrations rose 30% year-on-year in February to 146, maintaining high levels seen in January when 152 firms called in administrators. Overall, company insolvencies across the board were 7% higher when compared with January, at 1,878, but were 7% lower on an annual basis.

U.S. private credit firm Blue Owl Capital triggered the recent collapse of a UK mortgage lender after discovering irregularities in its financial reporting and demanding repayment, the Financial Times reported. Blue Owl, which manages more than $300bn, has become a focal point for concerns about the private credit sector and its stock has shed more than 40 per cent so far this year. It tipped bridging loan specialist Century Capital Partners into administration last month after discovering the UK group had dismissed a director because of financial discrepancies.

One of Spain’s busiest beach resorts has agreed on a plan to settle €350 million ($403 million) in compensation to land owners who were shortchanged during a real estate boom in the early 2000s, Bloomberg reported. Benidorm will make an initial €60 million payment before year-end and installments both in cash and land over many years, according to a plan approved in a city council vote on Tuesday. That will ease the impact of an obligation worth more than double the city’s annual budget and help it avert insolvency.

Britain's cross-party Treasury Committee has requested further explanation from Lloyds ‌Banking Group over the causes of a ‌glitch on March 12 that let some customers see other ​users' transactions on the bank's digital channels, Reuters reported. "On the face of it, this is an alarming breach of data confidentiality," committee chair Meg Hillier wrote to ‌Lloyds CEO Charlie ⁠Nunn in a letter dated March 17. Lloyds said at the time that it ⁠was investigating the causes and had swiftly resolved the issue.