As Its Economy Slows, China Embraces a Weaker Currency
China set a reference rate for the yuan at its weakest point in 12 years, a signal that Beijing sees the benefits of a weaker currency as it grapples with an economic slowdown and rising tensions with Washington.
Wirecard Delays Results Again
Wirecard said publication of its results for 2019 would be postponed for the third time as not all audit procedures have been completed.
Bank of Canada Chief Says Significant Stimulus Needed
The Bank of Canada anticipates providing the economy with sizable stimulus for the foreseeable future to help the country rebuild from the damage caused by the pandemic, Governor Stephen Poloz said.
Mortgage Credit Tightens, Creating Drag on Any Economic Recovery
Housing is often the most immediate way the Federal Reserve transmits lower interest rates to the economy, as homeowners refinance to free up cash and as home buying spurs construction and spending. But the downturn and prepandemic regulations are making lenders skittish.
Regulator Says Europe's Banks Are Stronger, but Some May Not Weather Crisis
Europe's banks have built enough buffers to face the effects of the coronavirus pandemic, but not all will be able to weather a sharp fall in profitability as loans turn sour and the cost of raising funds rise, a banking regulator said.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Chinese Developers Drag Asia's Junk-Bond Market Out of the Doldrums
Asia's junk-bond market is slowly coming back to life, with Chinese property developers at the forefront of the recovery.
SEC Charges Hollywood Film Executive With Fraud
The Securities and Exchange Commission filed fraud charges against a Hollywood movie executive for stealing money from a BlackRock fund.
Payment Companies Increase Efforts to Combat Coronavirus-Related Frauds
Compliance teams at companies such as PayPal Holdings Inc. and Western Union Co. have been closely monitoring early indicators of fraudulent activities and incorporating them into their investigation processes.
Falcon Nears Target for Sixth Credit Fund
Falcon Investment Advisors is approaching the fundraising target for its sixth credit fund, according to a recent filing with the Securities and Exchange Commission.