Aug. 1 at 6:04 PM
$GLNCY $JEF $ISNPY
>Jefferies seems to be in the news for all the wrong reasons lately. They have trade-finance-related exposure of about
$300 million to Radiant World through its Point Bonita fund.
>Intesa Sanpaolo (Italy’s biggest bank) booked financial provisions on a roughly €200 million (
$230 million) exposure to Radiant World, noting the position is largely covered with no impact on 2026 net profit guidance.