Babel Finance lost over $280 million in proprietary trading with customer funds

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Babel Finance lost over $280 million in proprietary trading with customer funds
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SCOOP: Babel Finance lost over $280 million in proprietary trading with customer funds By Yogita_Khatri5

The troubled firm now seeks to convert hundreds of millions of dollars of debt into equity and raise more funds in a revolving credit facility, per the deck.

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