Bankrupt crypto exchange FTX on Sunday sued the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, accusing them of wrongly claiming ownership of the exchange's assets, Reuters reported. FTX's U.S. based bankruptcy team, led by new CEO John Ray, said in its lawsuit that the liquidators were laying claim to FTX.com’s cryptocurrency, intellectual property, and customer relationships. FTX called FTX DM a "fraudulent enterprise", initially set up only to be a "local service company", which did not own the FTX.com exchange or any of the cryptocurrency seized.

Bank of Mexico's main focus is tackling inflation, deputy governor Galia Borja said on Thursday, when asked how fears of a banking crisis roiling U.S. and European markets could impact monetary policy at the central bank, Reuters reported. "Many variables come into play," Borja told Reuters on the sidelines of a banking convention in the city of Merida in Mexico's Yucatan peninsula. "But the main one is inflation, which is our mandate." "The behavior of inflation is more important, but we take everything into account," she added.

Canadian holidaymakers jetting south for spring break on red-eye flights with Flair Airlines Ltd were in for a surprise on March 11 when the Boeing Co. 737s they were about to board were seized by agents acting on behalf of a jet leasing firm that manages the planes, Bloomberg News reported. The episode emerged from a $50 million lawsuit filed by Flair in the Ontario Superior Court of Justice, in which the budget carrier alleges Airborne Capital Ltd.

Canada's competition watchdog called for stronger merger review rules on Wednesday and recommended some 50 improvements to what it said was outdated antitrust legislation, Reuters reported. "Canada needs more competition. And Canadians need a modern and effective competition law to support that," the Competition Bureau said in a statement. Canadians have been left with fewer and pricier choices in everything from telecoms to banking after decades of industry consolidation, consumer advocates say. Soaring inflation has worsened the issue of affordability.

The collapse of Silicon Valley Bank has shown the need to build a larger and more diverse financial system by bolstering the stock market and unlocking cash in pension schemes, Britain's finance minister Jeremy Hunt said on Wednesday, Reuters reported. Following the collapse of its parent company in the United States, Silicon Valley Bank's UK arm was sold to HSBC over the weekend to avoid disrupting its customers in Britain. SVB was heavily focused on lending to the technology sector. Fallout from the collapse continued to roil banking shares in Europe on Wednesday.

Latin America’s largest airline is planning a return to US capital markets after cutting nearly $4 billion of debt during a years-long restructuring, Bloomberg News reported. Latam Airlines Group SA will seek to re-list its American depositary receipts on the New York Stock Exchange this year after they were suspended during the bankruptcy, Chief Financial Officer Ramiro Alfonsín said in a video interview. It also expects to return to international bond markets next year, he said.

The Justice Department is investigating last year’s collapse of the TerraUSD stablecoin, adding the risk of U.S. criminal charges to the pressure on its creator, South Korean crypto entrepreneur Do Kwon, the Wall Street Journal reported. The Federal Bureau of Investigation and the Southern District of New York have questioned former team members of Mr. Kwon’s company, Terraform Labs Pte. Ltd., in recent weeks and sought to interview others, the people said.

British banks are not yet seeing a "flight to quality" in deposits among customers nervous about the safe-keeping of their money following the collapse of U.S. lender Silicon Valley Bank last week, Lloyds chief executive Charlie Nunn said on Tuesday, Reuters reported. "What's happened with SVB is relatively idiosyncratic compared to the UK," Nunn told a Morgan Stanley event, referring to the demise of the specialist lender, which has triggered widespread banking turmoil and a rout in stocks globally.

Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for the country's banks and insurers following the collapses of Silicon Valley Bank and Signature Bank, Reuters reported. Shares in Swiss banks slumped along with others in the sector globally after moves by U.S. authorities to guarantee deposits of the two lenders failed to reassure investors.

Silicon Valley Bank’s British subsidiary will be acquired by the banking giant HSBC, the Bank of England announced on Monday as it emphasized the stability of the nation’s banking system, the New York Times reported. “This action has been taken to stabilize SVBUK, ensuring the continuity of banking services, minimizing disruption to the U.K. technology sector and supporting confidence in the financial system,” the central bank said in a statement, referring to the American bank’s British subsidiary. “The wider U.K.