Citadel Securities, the market maker that is part of Ken Griffin's Citadel investment firm, on Tuesday reported a 5.5 per cent stake in cryptocurrency-focused lender Silvergate Capital Corp worth about $25 million, according to a regulatory filing.Silvergate has been seeking to ease investor concerns over its future, after reporting a $1 billion loss for the fourth quarter because crypto exchange FTX's bankruptcy shook confidence in the digital asset sector.
Federal prosecutors in Washington are probing Silvergate and its dealings with FTX and Alameda Research, according to a source familiar with the investigation. U.S. custodian bank State Street Corp reported a 9.32 per cent passive stake in Silvergate earlier this month.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warburg Pincus moves closer to buying a stake in Chinese fund Zhong OuSHANGHAI : Warburg Pincus is moving closer to buying a stake in Zhong Ou Asset Management Co from Intesa Sanpaolo according to exchange filings and a source, underscoring the U.S. private equity giant's unabated interest in China's $3.8 trillion mutual fund industry.Italian banking group Intesa Sanpaolo d
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Property tycoon Koh Wee Meng in another privatisation deal with 12 cents offer for Global DragonKoh Wee Meng (aka James Koh) controls Global Dragon with his deemed stake of 59.3%, or more than 400 million shares held via an entity called JK Global Assets (Photo: Albert Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - Property tycoon Koh Wee Meng, via an entity called JK Global Wealth, plans to privatise another developer Global Dragon, which he controls, with an offer of 12 cents per share.Back in October 2021, Koh Wee Meng had privatised Fragrance Group, another company that he controls.As
Source: YahooSG - 🏆 3. / 71 Read more »
Warburg Pincus moves closer to buying a stake in Chinese fund Zhong OuSHANGHAI : Warburg Pincus is moving closer to buying a stake in Zhong Ou Asset Management Co from Intesa Sanpaolo according to exchange filings and a source, underscoring the U.S. private equity giant's unabated interest in China's $3.8 trillion mutual fund industry.Italian banking group Intesa Sanpaolo d
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »