Babel Finance lost over $280 million in proprietary trading with customer funds

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SCOOP: Babel Finance lost over $280 million in proprietary trading with customer funds By Yogita_Khatri5

The troubled firm now seeks to convert hundreds of millions of dollars of debt into equity and raise more funds in a revolving credit facility, per the deck.

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:

 /  🏆 464. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines