Bloomberg Business

Mexico Banks Safe From Global Problems, Finance Chief Says

Mexico’s financial system is safe from the problems with liquidity facing banks in other countries after the collapse of Silicon Valley Bank because its lenders have weathered crises before and have behaved in a cautious manner, the country’s finance minister said.

Ex-Goldman Banker Says $35 Million US Demand Is Unconstitutional

Former Goldman Sachs Group Inc. banker Roger Ng, who was sentenced to 10 years in prison last week for his role in the 1MDB fraud, is claiming he can’t meet US prosecutors’ demand that he also pay $35 million because the Malaysian government already took all of his money.

US Taps Wall Street Banks in Show of Unity for Rattled Sector

US authorities said a deal by the nation’s biggest lenders to deposit $30 billion with First Republic Bank demonstrated the resilience of the nation’s banking system, seeking to reinforce a message that the sector is on firm footing and united in its efforts.

Value Partners Turns Away From China’s Soured Property Debt

An investor that profited from the aftermath of China’s first dollar bond default by a developer nearly a decade ago is turning its back on the nation’s distressed property debt, after losing more than its peers in the past two years.

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