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The Downfall of Three Arrows Capital
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Here are our hand-picked issues for you to know about in the world of global finance from the past week:
M&A
What companies succeeding in M&A are doing this year
2021 was a blistering year for M&A. While 2022 isn’t seeing the same amount of deal flow, it’s still been a good year for M&A.
Here’s what companies who are doing M&A deals this year are doing right.
BANKING
Will HSBC break-up with itself?
The British banking giant, HSBC, is feeling some pressure to split its Asian business from the group as the Asian business is more profitable and growing faster than the European business.
Pressure seems to be coming from Chinese insurer, Ping An, an 8% stakeholder. While HSBC’s management group disagrees with the suggestion to split.
CRYPTO
The Downfall of Three Arrows Capital
The recent crash of the “stablecoin” Luna was a big headliner this year, but if you want to delve deeper into the pit of the crypto market, the cautionary tale of Three Arrows Capital is a must-read.
It’s like a storyline out of a day-time soap opera and really gives pause to underlying faults in the financial industry and the rise of fintech.