Press Digest: Financial Times - November 2
PRESS DIGEST-Financial Times - November 2 Nov 2 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Serbia shuts down bank favoured by Russians
- Binance users pull $3.6 billion as crypto exchange restarts services after heist
- Britain to offer cheaper university fees to EU students at 'reset' summit
-Quant hedge fund to spin out of Tudor in record $9bn launch
Overview
- Serbia's central bank has revoked the operating licence of Alta Bank SBT.MKE, a lender used by Russians that has come under international scrutiny over suspected money laundering.
- Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform.
- Britain will offer cheaper access for EU students to its universities at a potential cost of several hundred million pounds as talks between London and Brussels over future relations reach a crunch ahead of a summit on November 20.
- Quant-focused hedge fund Xantium is set to formally spin out of US investment firm Tudor, planning to launch as an independent firm with $9 billion in investor assets.
(Compiled by Bengaluru newsroom)