assets

Compared with large outfits, community banks allocate a much higher proportion of their assets to small business and retail lending.

It has roughly tripled in assets in the past five years, and now consists of more than $1.7 trillion.

“Brahmbhatt created an elaborate balance sheet of assets that existed only on paper,” lawyers for the lenders wrote.

Russia’s Lukoil has agreed to sell its international assets to commodities trader Gunvor after the energy giant was hit by new U.S. sanctions last week.

The bank is also exploring the possibility of allowing clients to use fund tokens as collateral for borrowing or constructing a portfolio of tokenized assets.