Turkey’s Kontrolmatik Enerji ve Muhendislik defaulted on two separate lira bonds that matured on Friday, according to a statement by Turkey’s Central Securities Depository, marking a rare corporate debt default in the country’s local bond market.
Federal Energy Regulatory Commission plans action on proposal to expand oversight of AI-driven data center grid connections as utilities accelerate transmission upgrades.
FirstRand Ltd. hired Bank of America Corp. and its own investment-banking arm, Rand Merchant Bank, as advisers to help it sell its UK-based Aldermore Group and exit the European market, a spokesperson for the South African lender said.
The UK approved more early construction funding for power-grid projects, as part of efforts to boost renewables generation and secure equipment amid supply-chain snarls and competition from other nations.
Germany’s top financial regulator will step up pressure on insurers to address shortcomings in private credit investments and issued a warning on an asset class increasingly marketed to retail clients.
South Africa has regained competitiveness in mining because of partnerships between the public and private sector to tackle regulatory issues and structural bottlenecks, according to billionaire Patrice Motsepe.
The White House is reviewing a plan for the Securities and Exchange Commission to end its decades-old policy that lets companies and people settle enforcement actions without admitting wrongdoing if they also promise not to dispute the allegations.
Wise Group Plc is making its trading debut in the US with a Nasdaq listing as the financial technology firm tries to take advantage of a larger stock market and its legions of investors.
A losing streak in litigation finance is attracting hedge funds and other alternative investment managers looking to invest in legal claims at distressed valuations, according to people familiar with the matter.
The Federal Reserve said stability risks from further private credit redemption requests appear “limited and manageable,” after some of the biggest names in the market blocked investors from getting money out of their funds in recent months.
US Treasury Secretary Scott Bessent met with insurance regulators to talk about their exposure to private credit as the increasingly complex ties between the two sectors fuels mounting regulatory scrutiny.
Financial regulators in Ecuador have launched a joint probe into possible money laundering at Banco Guayaquil, the nation’s third-biggest bank by net profit.
