The world’s largest sovereign-wealth fund is going after the now-defunct Silicon Valley Bank, its management and the Wall Street advisers that aided its rise, the Wall Street Journal reported. Norges Bank Investment Management, which manages Norway’s $1.5 trillion wealth fund, and other former SVB shareholders attacked the failed bank in a legal filing late Tuesday. The filing accused SVB and its executives of concealing the lender’s ailing health from public view, while also ignoring warnings about risks from rising interest rates.

China’s state-owned banks are tightening curbs on funding to Russian clients after the US authorized secondary sanctions on overseas financial firms that aid Moscow’s war effort in Ukraine, Bloomberg News reported. At least two banks ordered a review of their Russian business in recent weeks, focusing on cross-border deals, said the people, asking not to be identified discussing a private matter.

The curtain has come down on several stores of British shoe brand Clarks. The stores in Amsterdam (two), Breda, The Hague, Eindhoven, Haarlem, Leidschendam, Maastricht, Rotterdam and Utrecht were declared bankrupt on January 9, according to the public insolvency register, FashionUnited.uk reported. G.A. De Wit has been appointed receiver. FashionUnited sought contact with the trustee, but is still waiting for a response.

Supply chain pressures cooled down last month, the Federal Reserve Bank of New York said on Friday, but it's possible the benign reading may be the calm before some turbulence arrives, Reuters reported. The bank’s Global Supply Chain Pressure index moved to a reading of -0.15 in December from November’s upwardly revised 0.13. December's negative reading points to below-normal supply chain pressures, which suggests a diminished contribution to inflation pressures.

Electric scooter rental giant, Bird, amidst bankruptcy proceedings in the United States, has conveyed that its Canadian operations will remain unscathed, BNNBreaking.com reported. The assurance comes from Bird Canada’s COO, Alex Petre, who confirmed to CBC News that the Canadian branch operates independently of the U.S. filing. Alex Petre emphasized the significance of the Canadian market for the company and reassured that the availability of scooters in cities like Windsor would endure unimpeded. Bird Global, the parent company, is currently navigating a restructuring phase.

Insolvent European property company Signa is holding talks to potentially sell its stake in New York's Chrysler Building and is shedding its private jet, its administrator said on Tuesday, a significant development in the salvaging of founder Rene Benko's real estate empire, Reuters reported. The efforts, announced to Signa's creditors in Vienna, mark a first update by the court-appointed insolvency administrator on plans for Signa, the biggest casualty so far of Europe's property crisis.

The U.S. Securities and Exchange Commission (SEC) on Monday filed charges against Nigerian businessman Dozy Mmobuosi and three companies of which he is CEO, alleging they inflated the financial performance of the companies and key subsidiaries to defraud investors, Reuters reported. The SEC said in a statement that it filed charges in U.S. District Court in New York against Mmobuosi, who made headlines this year following a bid to buy an English premier league team.

The U.S. and Mexico agreed on Wednesday to cooperate on stronger screening of investments to reduce national security risks and discussed integrating cross-border payments systems, but U.S. Treasury Secretary Janet Yellen insisted that the moves were not motivated by concerns about China, Reuters reported. The Treasury and Mexican Finance Ministry signed an agreement to exchange information on technical information and best practices as Yellen wrapped up a three-day visit to Mexico City. The Biden administration is promoting Mexico as a premier investment destination for U.S.

Self-driving trucking company TuSimple Holdings said on Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country, the Wall Street Journal reported. The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup.

The co-founder of Hong Kong-registered virtual currency exchange Bitzlato, a Russian national who U.S. authorities accuse of processing about $700 million in illicit funds, is expected to enter a guilty plea in a U.S. court on Wednesday, Reuters reported. Federal court records in Brooklyn showed Anatoly Legkodymov, Bitzlato's majority owner and co-founder, was set to appear before U.S. District Judge Eric Vitaliano at 2:30 p.m. EST (1930 GMT) for a "criminal cause for pleading," which usually indicates a defendant will plead guilty. Legkodymov, who U.S.