Donal Griffin
@donalgriffin.bsky.social
Bloomberg News finance reporter in London.
Tips at dgriffin10@bloomberg.net//Signal: donalgriffin.97
Stories: www.bloomberg.com/authors/AQDQOc_taYU/donal-griffin
Tips at dgriffin10@bloomberg.net//Signal: donalgriffin.97
Stories: www.bloomberg.com/authors/AQDQOc_taYU/donal-griffin
Our search for Stenn's biggest suppliers, meanwhile, led us to a series of tiny, troubling companies across Asia, including 1 sanctioned for enabling payments to Russian military intelligence. Other supposedly large suppliers were based in a derelict Prague building.
April 24, 2025 at 12:34 PM
Our search for Stenn's biggest suppliers, meanwhile, led us to a series of tiny, troubling companies across Asia, including 1 sanctioned for enabling payments to Russian military intelligence. Other supposedly large suppliers were based in a derelict Prague building.
PSR, arm of FCA, has also found that Dzing is up to its neck in 'authorized push-payment' scams. Transactions linked to such fraud accounted for almost 1 in 5 of payments it received last year, more than any other UK fin institution, PSR says....
November 16, 2024 at 4:04 PM
PSR, arm of FCA, has also found that Dzing is up to its neck in 'authorized push-payment' scams. Transactions linked to such fraud accounted for almost 1 in 5 of payments it received last year, more than any other UK fin institution, PSR says....
Freedom is controlled by billionaire Timur Turlov. Its NASDAQ-listed shares have surged almost 1000% in five years. The company has yet to respond to Hindenburg's allegations.
November 16, 2024 at 4:30 PM
Freedom is controlled by billionaire Timur Turlov. Its NASDAQ-listed shares have surged almost 1000% in five years. The company has yet to respond to Hindenburg's allegations.
Coming together of Boyko and Nadel at UK-authorized firm highlights challenges facing the British payments sector, which moves about £1b every day and pitches itself as an alternative to old-fashioned banks.
November 16, 2024 at 7:37 PM
Coming together of Boyko and Nadel at UK-authorized firm highlights challenges facing the British payments sector, which moves about £1b every day and pitches itself as an alternative to old-fashioned banks.
March saw a sudden trading spree in single-stock futures, obscure derivatives that -- academics say -- are used in so-called 'cum-cum' trades that avoid dividend taxes. March is also when European companies begin doling out their dividends.
November 16, 2024 at 6:45 PM
March saw a sudden trading spree in single-stock futures, obscure derivatives that -- academics say -- are used in so-called 'cum-cum' trades that avoid dividend taxes. March is also when European companies begin doling out their dividends.
And the division remains more reliant on volatile trading revenues than most of its big Wall Street rivals.
November 16, 2024 at 9:07 PM
And the division remains more reliant on volatile trading revenues than most of its big Wall Street rivals.
Nomura has struggled to increase revenue or pre-tax profit at the investment-banking division over the past decade.
November 16, 2024 at 8:59 PM
Nomura has struggled to increase revenue or pre-tax profit at the investment-banking division over the past decade.
The credit business has also wagered on bust Irish property loans, Lehman Brothers bonds and cash-strapped Indian tycoons and brings in about EU3b p/a. Overseeing all this dicey stuff is Chetan Shah, a publicity-shy banker we profiled last...
November 16, 2024 at 9:31 PM
The credit business has also wagered on bust Irish property loans, Lehman Brothers bonds and cash-strapped Indian tycoons and brings in about EU3b p/a. Overseeing all this dicey stuff is Chetan Shah, a publicity-shy banker we profiled last...
Cafico actively courted Russian clients and even ran a Russian-language home page. Its client list was a who's who of the Russian economy: Russian Railways/VTB/Norilisk Nickel/Credit Bank of Moscow, and so on.
November 16, 2024 at 9:53 PM
Cafico actively courted Russian clients and even ran a Russian-language home page. Its client list was a who's who of the Russian economy: Russian Railways/VTB/Norilisk Nickel/Credit Bank of Moscow, and so on.
And this is Mikhail Nadel, majority shareholder and chairman of the biggest bank in Kyrgyzstan, called AUB, which allegedly had deep ties to the ruling Bakiyev regime. The bank was seized amid an uprising in 2010. He was later convicted in absentia of fraud and money laundering.
November 16, 2024 at 10:48 PM
And this is Mikhail Nadel, majority shareholder and chairman of the biggest bank in Kyrgyzstan, called AUB, which allegedly had deep ties to the ruling Bakiyev regime. The bank was seized amid an uprising in 2010. He was later convicted in absentia of fraud and money laundering.
This is Michael Strogonov. In 2018, he helped to set up an electronic-money institution called Dzing Finance. The FCA granted it a license a year later.
November 16, 2024 at 10:37 PM
This is Michael Strogonov. In 2018, he helped to set up an electronic-money institution called Dzing Finance. The FCA granted it a license a year later.
Experts we spoke to told us that Freedom's offer raises a host of potential U.S. regulatory problems. A spokesperson for the brokerage said "regular, active customers who hold a wide range of liquid market instruments in their portfolios get some advantage when bidding."
November 17, 2024 at 1:10 AM
Experts we spoke to told us that Freedom's offer raises a host of potential U.S. regulatory problems. A spokesperson for the brokerage said "regular, active customers who hold a wide range of liquid market instruments in their portfolios get some advantage when bidding."
After the increase, the biggest of its kind in years, the banks say their so-called Level 3 assets are now valued at about $250b. That's about the same as Finland's GDP. But it's hard to know how much they're really worth.
November 17, 2024 at 1:35 AM
After the increase, the biggest of its kind in years, the banks say their so-called Level 3 assets are now valued at about $250b. That's about the same as Finland's GDP. But it's hard to know how much they're really worth.
$MTRO shares hit record low today. Stock is down 90% over past 12 months.
November 17, 2024 at 4:08 AM
$MTRO shares hit record low today. Stock is down 90% over past 12 months.
Nomura Sinks to Crisis-Level Valuation as Bad News Keeps Coming https://www.bloomberg.com/news/articles/2019-05-29/nomura-sinks-to-crisis-level-valuation-as-bad-news-keeps-coming via @pattersonm0
November 17, 2024 at 4:09 AM
Nomura Sinks to Crisis-Level Valuation as Bad News Keeps Coming https://www.bloomberg.com/news/articles/2019-05-29/nomura-sinks-to-crisis-level-valuation-as-bad-news-keeps-coming via @pattersonm0
Interesting @guardian profile on Rowland from 2010, rare photo included https://www.theguardian.com/politics/2010/aug/20/david-rowland-controversy-conservatives
November 17, 2024 at 4:59 AM
Interesting @guardian profile on Rowland from 2010, rare photo included https://www.theguardian.com/politics/2010/aug/20/david-rowland-controversy-conservatives
Traders ignored risk limits as Natixis pushed into the market for `autocallables,' complex derivatives popular in Korea and Japan. Bank marketed aggressively, including this video referencing `Gangnam Style,' until Q4 meltdown. https://player.vimeo.com/video/266129698
November 17, 2024 at 4:36 AM
Traders ignored risk limits as Natixis pushed into the market for `autocallables,' complex derivatives popular in Korea and Japan. Bank marketed aggressively, including this video referencing `Gangnam Style,' until Q4 meltdown. https://player.vimeo.com/video/266129698
SocGen Joins Barclays in Closing Trading Gap With Wall Street https://www.bloomberg.com/news/articles/2018-11-08/socgen-s-key-equities-unit-rebounds-with-help-from-u-s-markets via @FabioWire
November 17, 2024 at 4:59 AM
SocGen Joins Barclays in Closing Trading Gap With Wall Street https://www.bloomberg.com/news/articles/2018-11-08/socgen-s-key-equities-unit-rebounds-with-help-from-u-s-markets via @FabioWire
Yet another grim day at Credit Suisse's markets business, a recurring headache for CEO Tidjane Thiam...more on @TheTerminal @business
November 17, 2024 at 5:22 AM
Yet another grim day at Credit Suisse's markets business, a recurring headache for CEO Tidjane Thiam...more on @TheTerminal @business
BNP Paribas wants to get into the top echelons of European investment banking. Worst FICC business in the world in 3Q so far isn't helping. https://www.bloomberg.com/news/articles/2018-10-30/bnp-paribas-debt-trading-losing-run-endures-in-lackluster-market-jnvf0n71 @FabioWire
November 17, 2024 at 5:22 AM
BNP Paribas wants to get into the top echelons of European investment banking. Worst FICC business in the world in 3Q so far isn't helping. https://www.bloomberg.com/news/articles/2018-10-30/bnp-paribas-debt-trading-losing-run-endures-in-lackluster-market-jnvf0n71 @FabioWire
Deutsche Bank names global co-heads for its equities unit in bid to stop three-year rout https://www.bloomberg.com/news/articles/2018-09-14/deutsche-bank-names-kurtzman-wilson-global-equities-co-heads @business
November 17, 2024 at 5:22 AM
Deutsche Bank names global co-heads for its equities unit in bid to stop three-year rout https://www.bloomberg.com/news/articles/2018-09-14/deutsche-bank-names-kurtzman-wilson-global-equities-co-heads @business
European banks `window dress' their books by culling trades at quarter-end, BIS says. BNP Paribas, Credit Ag, SocGen, Credit Suisse among most active cutters, our data show. https://www.bloomberg.com/news/articles/2018-07-01/euro-banks-window-dressing-sees-145-billion-of-trades-shrink
November 17, 2024 at 10:01 AM
European banks `window dress' their books by culling trades at quarter-end, BIS says. BNP Paribas, Credit Ag, SocGen, Credit Suisse among most active cutters, our data show. https://www.bloomberg.com/news/articles/2018-07-01/euro-banks-window-dressing-sees-145-billion-of-trades-shrink
Deutsche Bank's performance in Russia improved after 2010 hiring spree, helped by huge bond deals with Kremlin, Gazprom, Rosneft, Russian Agricultural Bank and so on.
November 17, 2024 at 10:27 AM
Deutsche Bank's performance in Russia improved after 2010 hiring spree, helped by huge bond deals with Kremlin, Gazprom, Rosneft, Russian Agricultural Bank and so on.
Shares in Deutsche Bank have fallen to a record low as U.S. regulators add bank to lists of ``troubled'' lenders https://www.bloomberg.com/news/articles/2018-05-31/deutsche-bank-is-said-to-be-added-to-u-s-lists-of-problem-banks
November 17, 2024 at 10:01 AM
Shares in Deutsche Bank have fallen to a record low as U.S. regulators add bank to lists of ``troubled'' lenders https://www.bloomberg.com/news/articles/2018-05-31/deutsche-bank-is-said-to-be-added-to-u-s-lists-of-problem-banks