Lending
The California Department of Financial Protection and Innovation has issued a consent order against a Cayman Islands-based crypto lending company, requiring it to pay a $500,000 penalty. The regulator found the firm operated without a required license and neglected to assess borrowers' repayment ability from 2018 to 2022. The company must now cease violations and transfer customer funds to a licensed entity.
Raportoinut AI
Several senior loan bankers at Mizuho Financial Group and Sumitomo Mitsui Banking (SMBC) have departed their Asia roles amid a regional lending slump. The offshore loan market in Asia is burdened by high dollar interest rates, geopolitical risks, and intensified competition among global lenders as deal flow diminishes. Syndicated loan volumes in dollars, euros, and yen dropped 12% in 2025 to $166 billion outside Japan, marking a two-year low.