ING

Kirin Holdings and Four Roses: Kirin Holdings is seeking to sell the Kentucky bourbon brand Four Roses for around $1 billion, but declining youth consumption and trade tensions with Canada may deter potential buyers.

Quantum Computing Investments: Several quantum computing companies are looking to sell equity stakes to the U.S. Commerce Department, raising concerns about government influence on corporate governance, especially as some companies may not need the funds.

Mergers and Acquisitions: Coca-Cola HBC is acquiring a 75% stake in Coca-Cola Beverages Africa for $2.6 billion, while Blackstone and TPG are set to acquire Hologic for up to $18.3 billion, reflecting ongoing consolidation in various sectors.

Bankruptcy in Subprime Lending: PrimaLend Capital Partners has filed for bankruptcy amid rising car loan delinquencies, highlighting stress in the subprime lending market, although the company plans to continue operations with existing financing.

Bitcoin's Resilience: Bitcoin has surpassed $120,000 at the start of October, maintaining its bullish trend despite a U.S. government shutdown that has delayed economic data and SEC reviews of crypto ETFs.

Brazil vs. New York on Mining: Brazilian power companies are encouraging Bitcoin mining by offering surplus electricity, contrasting with New York's proposed taxes on mining operations, which could increase operational costs for miners.

UK's Crypto Seizure Case: The U.K. is facing a significant legal debate over the restitution of 61,000 BTC linked to a fraudulent scheme, with courts deciding whether victims should be compensated based on investment value or current market value.

EU's Regulatory Shift: European regulators are tightening regulations on private stablecoins while advancing plans for a central bank-backed digital euro, highlighting a push for greater oversight in the digital currency space.

ING's Reduction in Russian Exposure: ING Group has reduced its offshore exposure to Russian clients by over 85% to €0.7 billion since exiting the market three years ago, and has not engaged in new business with Russian firms since February 2022.

Sale of ING Bank (Eurasia): The proposed sale of ING Bank (Eurasia) to Global Development faces delays due to pending approvals, with no realistic prospect of completion in Q3 2025, and is expected to negatively impact ING's common equity tier 1 ratio by around 7 basis points.