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China's banking regulator has established a task force to examine risks at wealth management group Zhongzhi Enterprise, after several of its corporate clients disclosed overdue payments by a trust unit. Zhongzhi is one of the largest players in China's $2.9tn trust industry, which manages pools of savings from wealthy households and corporate clients to provide loans and to invest in such assets as real estate, commodities, bonds and shares.

Bain Capital is set to acquire 90% of Adani Capital and Adani Housing, buying out the Adani family's private investments in the company. Bain Capital will also provide $120 million in primary capital for the company's growth. The sale will help reduce liabilities on the Adani group's balance sheet.

The acquisition deal is expected to see Bain Capital pay Rs 1,500 crore, which is twice the book value, and additionally, inject Rs 500 crore as primary capital for future growth.

Sens. Cynthia Lummis (R. Wyo.) and Kristen Gillibrand (D. N.Y.) have reintroduced their landmark bipartisan crypto bill known as the Lummis-Gillibrand Responsible Financial Innovation Act...

The shadow banking sector comprises non-bank financial institutions that do not have a deposit guarantee and are barely supervised by the regulator. Efforts to monitor shadow banking must be done well, in both developed and developing countries. Regulators in several countries however have not been fully effective in supervising shadow banking financial institutions, particularly in developing countries such as Indonesia. Therefore, the public's role—in this case, depositors—is essential to supervise shadow banking through the practice of market discipline. However, some factors may c...