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A handful of Brazilian companies are disclosing exposure to Banco Master SA following the liquidation of the troubled lender and the arrest of its chief executive amid a sweeping corruption probe, Bloomberg News reported. Health-care provider Oncoclinicas reported holding 433 million reais ($81.1 million) in Master time deposits, known locally as CDBs.
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The UK's Serious Fraud Office said on Thursday it was investigating the collapse of a $28 million cryptocurrency scheme, urging investors to step forward after two men were arrested on suspicion of fraud and money laundering, Reuters reported. In its first major crypto investigation, the SFO said Basis Markets had raised cash from two public fundraisers in late 2021 by selling non-fungible tokens and used the funds to create a crypto hedge fund. In June 2022, investors were told that the project was being scuppered by proposed new U.S. regulations, the SFO noted.
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The global financial stability watchdog have vowed to double down on efforts to better assess the risk from private credit and stablecoins in 2026 and explore ways to modernize financial regulation in general, Bloomberg News reported. The Financial Stability Board, which convenes central bank governors, finance ministries and regulators from 24 of the world’s biggest economies, highlighted its areas of focus for next year in a new work program published on Wednesday.
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Cryptocurrency markets have surged in recent years, in part fuelled by the Trump administration's pro-crypto stance which has encouraged wider acceptance among financial institutions, Reuters reported. With a total value of $3.2 trillion and around $197 billion of trading volume per day, cryptocurrencies represent a small part of global markets, crypto tracker CoinGecko estimates. But regulators and investors are still worried about whether any problems in the lightly regulated crypto world could spill over into the wider financial system.
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Bank of Japan board member Junko Koeda signaled that there could be a rate hike as soon as next month by pointing to the need for normalization, after the yen hit its lowest level in roughly 10 months, Bloomberg News reported. "Given that real interest rates are currently at significantly low levels, I believe that the bank needs to proceed with interest rate normalization,” Koeda said Thursday in a speech to local business leaders in Niigata Prefecture.
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The future homes for 27 pieces of Hudson’s Bay history were decided Wednesday in a packed Toronto auction, where art lovers, historians and those wistful about the fall of Canada’s oldest company spent a collective $5.9 million, BNNBloomberg reported. In addition to covering their successful bid, buyers must also pay a premium of 25 per cent of the hammer price up to and including $25,000 plus 20 per cent of the hammer price over $25,000 and any applicable sales tax. Collectively, bidders spent $4.9 million on paintings before the buyer’s premium was added.
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The rise of online sports betting and casino apps has yielded big profits for gambling companies. But insolvency and psychology experts warn of dire consequences for a growing number of Canadians — young men, in particular — and recommend counselling, a payback plan and self-examination for those needing to dig themselves out of debt, the Canadian Press reported.
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The rate of unemployment across the economy has risen to 5.3 per cent, its highest level in four years, according to the latest Central Statistics Office (CSO) Labour Force Survey (LFS) published on Thursday, the Irish Times reported. The increase, which was driven by significant a rise in the rate of unemployment among 15 to 24 and 35 to 44 age groups, represents an increase of 0.8 per cent on the third quarter in 2024. The LFS suggests the number of additional people in employment was 30,600 in the year to the third quarter of 2025, a jump of 1.1 per cent.
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The insolvency regulator on Wednesday proposed to introduce uniform format and documentation requirements for the valuation of stressed companies undergoing bankruptcy resolution, seeking to mandate a scientific approach and reduce the scope for arbitrary valuations, the Economic Times of India reported. In a discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) said the draft guidelines “are intended to promote consistency, transparency, and standardisation in valuations”.
A U.K. procurement firm said it worked with the bankrupt Indian educational-technology startup Byju’s to move a half-billion dollars away from a group of U.S. lenders who have battled for years to track down the missing funds, WSJ Pro Bankruptcy reported. A former adviser to the London-based supply-chain logistics firm OCI helped Byju’s send nearly $506 million to the U.K. with the intent to pass those funds on to a corporate entity tied to Byju’s in Singapore, according to a sworn declaration filed in a U.S. court by OCI CEO Oliver Chapman.