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(Reuters) – Citadel Securities said on Tuesday venture capital firm Sequoia Capital and crypto-focused investment company Paradigm had made a $1.15 billion minority investment in it, giving the market maker founded by billionaire Ken Griffin a valuation of nearly $22 billion. The funding round was led by Sequoia. Alfred Lin, a partner at Sequoia, will …

Citadel Securities valued at $22 billion after Sequoia, Paradigm take stake Read More »

By Hannah Lang (Reuters) – U.S. housing finance giant Fannie Mae has started integrating data from digital banking startup Blend Labs Inc. into its underwriting program to make it easier for lenders to evaluate a borrower’s rental payment history when approving a home loan. Fannie’s effort to include rental payment history in the loan approval …

Fannie Mae uses Blend rent payment data in credit access expansion push Read More »

By Yousef Saba DUBAI (Reuters) -A group of institutional investors that last year took a stake in Saudi Aramco’s oil pipelines network has hired Citi and JPMorgan to help refinance a loan that backed the deal, bank documents and an investor presentation showed on Monday. A consortium led by U.S.-based EIG Global Energy Partners in …

EIG-led investors in Aramco oil pipelines hire banks for dual-tranche bonds Read More »

By Medha Singh (Reuters) – Wells Fargo & Co shares have rallied ahead of its quarterly earnings later this week as analysts expect the U.S. central bank to lift a damaging asset cap that has curtailed growth at the lender amid signs of rising interest rates. Shares of the San Francisco-based bank have jumped 14% …

Wells Fargo shares race ahead as investors bet on turnaround story Read More »

By Tom Wilson LONDON (Reuters) – The global computing power of the bitcoin network has dropped sharply as the shutdown this week of Kazakhstan’s internet during a deadly uprising hit the country’s fast-growing cryptocurrency mining industry. Kazakhstan became last year the world’s second-largest centre for bitcoin mining after the United States, according to the Cambridge …

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners Read More »

SHANGHAI (Reuters) -China’s securities regulator said on Friday it will pilot market-making on Shanghai’s Nasdaq-style STAR Market in a bid to deepen reforms and improve liquidity. Qualified brokerages can apply to act as market-makers on STAR, in a pilot scheme that will be steadily expanded, the China Securities Regulatory Commission (CSRC) said in a statement. …

China to launch market-making on STAR Market Read More »

By Anna Koper and Alan Charlish WARSAW (Reuters) -Poland’s central bank raised interest rates on Tuesday and suggested further tightening was on the horizon as the country grapples with the fastest price growth in over two decades. The National Bank of Poland raised the main rate by 50 basis points to 2.25%, delivering the fourth …

Polish central bank hikes rates, signals more to come Read More »