Bankruptcy - What's Next for the Markets?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The former head of bankrupt cryptocurrency exchange FTX faces charges of fraud. Sam Bankman-Fried has signed extradition papers, and he's expected to return to the U.S. from the Bahamas. The latest legal action comes from a group of FTX customers who have a collective $1.6 billion stuck in the bankrupt company.

The Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, and a group of FTX customers will try to secure quicker repayment for people who have money trapped with the defunct exchange. Plus, we take a look back at the biggest energy story of 2022.

Mentioned in this podcast:

Bank of Japan stuns markets with yield control policy change

FTX clients to vie for priority payouts in US bankruptcy case

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.