Defaults, rate hikes and withdrawals. On this podcast, Jonathan, Craig and Jack discuss this week's top stories and developments in treasury.

• Chinese developer Shimao defaults on US$1bn bond
• Recession fears "leave €40bn of European corporate bonds in distress"
• Third successive rate hike in Australia
• Corporate fundraising slips 25% as caution rules
• The Bank of London and SAP Fioneer partner to revolutionize global clearing and transaction banking
• Goldman Sachs and Derivative Path collaborate to expand transaction banking
• BNP Paribas exits the commodity finance business in the United States

Honorable Mentions

• EU agrees regulation for 'wild west' of crypto assets
• Crypto lender Vauld suspends withdrawals