Credit Suisse Group AG (CSGN.SW)

Banks Get Burned by Risky Debt, Imperiling Buyout Activity

Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the outlook for deal activity.

Crypto’s Domino Effect Is Widening, Threatening More Pain

Losses in the digital-assets industry are blowing holes in balance sheets and pushing firms to near bankruptcy.

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  Ring ring ring ring Solanaphone

  TechCrunch
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  EU Sets First Rules to Regulate Cryptocurrencies

  The Wall Street Journal

China Cracks Down on Top Bank Salaries

Chinese President Xi Jinping has said a goal of the common prosperity plan is to encourage people with high incomes to "return more to society.”