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The Bank of England is investigating the collapse of a £2bn British “shadow bank” as fears about the sector rip through stock markets, The Telegraph reported. Officials at the Prudential Regulation Authority (PRA) have requested information from lenders including Barclays that backed Market Financial Solutions (MFS), a private credit provider that was placed into administration amid allegations of fraud last week.

Once again, some of Wall Street’s most sophisticated players missed the warning signs, according to a Wall Street Journal analysis. When Market Financial Solutions went to raise money from private-credit funds in 2021, it was a little-known British mortgage company specializing in short-term loans for quick property purchases. The firm’s fundraising materials provided sparse details on its chief executive, Paresh Raja, and offered financial information that diverged widely from its public financial reporting, according to documents reviewed by the Wall Street Journal.

A total of 7,553 new insolvency proceedings were opened in the country in 2025, the latest study by Coface Romania showed, a 3.84% increase compared to 2024, Romania-Insider.com reported. The top three sectors in terms of the number of companies that entered insolvency last year are wholesale and retail trade/repair of motor vehicles and motorcycles (1,844), construction (1,580), and transport and storage (939), accounting for approximately 58% of the total number of insolvencies recorded in 2025.

Evidence that two senior regulators at Brazil's central bank secretly advised embattled banker Daniel Vorcaro has sent shockwaves through the capital Brasilia, threatening to drag the institution deeper into a snowballing scandal, Reuters reported. The revelations add to a widening blast radius surrounding Vorcaro, owner of the liquidated Banco Master, whose downfall has exposed ​a network of influence and conflicts of interest shaking trust in some of Brazil's most powerful institutions.

The U.S. customs agency is readying a system within 45 days to process refunds on ​U.S. President Donald Trump's tariffs that were struck down as illegal, a customs official said in a court filing on Friday, Reuters reported. The declaration ‌by Customs and Border Protection official Brandon Lord came just before government lawyers met with a federal trade judge to try to hammer out a broad settlement process, as Reuters reported exclusively on Friday, for returning $166 billion in tariff payments to around 330,000 importers. Last month, the U.S.

U.S. and Mexican negotiators will hold bilateral discussions starting the week ​of March 16 as part of the joint ‌review of the United States–Mexico–Canada trade agreement, the U.S. Trade Representative's office said on Thursday, Reuters reported. U.S.

Leading crypto exchange Binance denied violating Iranian sanctions compliance in a letter sent in reply to U.S. Senator Richard Blumenthal (D-Conn), who recently launched a probe into the firm following media reports on purported violations, Decrypt.com reported. Blumenthal’s probe followed a Wall Street Journal report that alleged that Binance allowed $1.7 billion worth of transactions tied to Iranian entities and sanction-evading trades from Russia to occur on the platform.

Kazakhstan's central bank has formed a portfolio of up to $350 million ​from gold and foreign exchange reserves ‌for investment in cryptocurrency assets, governor Timur Suleimanov said on Friday, Reuters reported. At a briefing on interest ​rates, Suleimanov said: "We are currently developing ​a list of instruments in which we ⁠will invest.

Dubai’s digital asset regulatory body has ordered Kucoin Exchange EU Gmbh—operating as Kucoin—to cease and desist its operations in the emirate, according to a Friday announcement, Decrypt.com reported. The Virtual Assets Regulatory Authority (VARA) said that the cryptocurrency exchange does not hold a license to provide digital asset services within Dubai, and is therefore not authorized to operate there.

A couple have been barred from being company directors for "tricking" investors out of more than £2m by fabricating an NHS contract, BBC.com reported. Tanveer Khan, 55, was described as the "mastermind" behind the forgery of a fake order by NHS Wales for hundreds of beds worth £9.8m, falsifying evidence of previous deliveries, the Insolvency Service said. Khan, and his wife Tasneem, 51, founded Matz Medical Limited in 2013, running it together until it collapsed in October 2022, leaving creditors £40m out of pocket.