Bitcoin topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150% this year.
Hungary’s government said it plans to develop what it bills as a new, “Dubai-style” hub around a partly disused railway station in Budapest for an estimated €6 billion ($6.5 billion) using mostly foreign funding.
Lloyds Banking Group Plc has received £1.2 billion ($1.5 billion) from the owners of the Telegraph newspaper, marking an end of the bank’s involvement in a saga that’s spawned government investigations and sparked a nationwide discussion on freedom of the press.
Carlyle Group Inc. is exploring how to capture a piece of a multibillion-dollar corner of finance that’s changing who writes private-pension checks to millions of retirees.
Denmark’s central bank governor called on regulators to implement additional capital requirements on banks’ real estate exposures before potential problems materialize.
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