US Treasury intervenes in Argentina’s currency market
Scott Bessent announces $20bn ‘currency swap framework’ with the South American country’s central bank
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US justice department launches inquiry into First Brands
New York prosecutors’ probe into bankrupt company is at an early stage and described as a fact-finding mission
UK watchdog monitors Tricolor and First Brands collapse for private credit risks
Failures of two US companies reliant on asset-based lending prove ‘useful case studies’, FCA says
UK monitors First Brands and Tricolor collapses for private credit risks
Failures of two US companies reliant on asset-based lending prove ‘useful case studies’, Financial Conduct Authority says
Citi rejects approach for Banamex to focus on IPO of Mexican bank
Decision is latest turn in long-running efforts to divest unit that once signified sprawling global ambitions