Pandemic Slowed Private-Equity Fund Closings in First Half

Fewer private-equity funds closed in the second quarter than in any quarter since at least 2015, as lockdowns took their toll. 


 
Wirecard Under Criminal Scrutiny in Probe of Alleged Bank Fraud

The Justice Department is examining whether scandal-plagued German payment company Wirecard played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, according to people familiar with the investigation. 


 
New York Fed Official Explains Modest Use of Emergency Lending Tools

The relatively modest use of Federal Reserve emergency lending facilities during the coronavirus pandemic owes to the health of banks heading into the crisis and aggressive action by policy makers, a top Federal Reserve Bank of New York official said in remarks Wednesday. 


 
Yes Bank Plans to Raise Up to $2B via Share Issuance

Yes Bank plans to raise up to $2 billion through the issuance of fresh equity shares, as the private lender seeks to shore up its balance sheet. 


 
Riskiest European Government Debt Rallies to Pre-Coronavirus Crisis Levels

Despite European Central Bank President Christine Lagarde's statement earlier this year that it isn't the central bank's job to close yield spreads, that is precisely what it has done. 


 
Dan Gilbert Will Keep Voting Control at Quicken Loans Parent After IPO

Detroit businessman and Cleveland Cavaliers owner Dan Gilbert spent the past 35 years building Quicken Loans into a mortgage lending giant and an extension of his personal brand. That won't stop when the company goes public. 


 
Allstate to Buy Rival Insurer National General for $4 Billion

Allstate said the all-cash deal will help boost its business in the personal property-liability sector. 


 
The Reopening Trade Is Stalling

Bets on a relatively smooth reopening of businesses across America are fizzling out in the stock market. Shares of hotels, airlines, restaurants and large event operators have suffered. 


 
KKR to Buy Global Atlantic Financial Group for $4.4 Billion

Private-equity giant KKR agreed to buy the retirement and life insurance company Global Atlantic Financial Group in a deal that will boost the company's assets under management. 


 
Updated Bribery Law Guide Reinforces Broad View of Accounting Provisions

The second edition of an influential handbook on the U.S. Foreign Corrupt Practices Act incorporates nearly eight years of developments in the antibribery law.