Scale Venture Partners Raising Larger, $500 Million Fund

Flush from strong IPOs by two of its portfolio companies, the venture firm aims to surpass the $400 million its last fund raised. 


 
SEC Provides Fewer Warnings of Potential Civil Action

Fewer companies are receiving warnings of potential civil-enforcement actions from the Securities and Exchange Commission as businesses under investigation increasingly opt to defend themselves before receiving a "Wells notice." 


 
Banks Navigate Hazy Regulations to Serve Cannabis Businesses

Financial institutions looking to offer banking services to legal cannabis growers and distributors are still limited by spotty regulations and expensive compliance efforts. 


 
ETF Clones Multiply in Industry Fee War

Some of the biggest asset managers are creating cheaper knockoffs of their most popular exchange-traded funds. 


 
Investors Battle Fidelity in Court Over Tax-Break Deal

Malcolm and Emily Fairbairn prepared a large charitable donation through Fidelity Charitable in 2017 to cushion an income-tax hit. It didn't go as they had hoped. Now, the Fairbairns and Fidelity's charitable arm are facing off in a contentious federal-court trial. 


 
Blackstone to Buy Simply Self Storage for About $1.2 Billion

Blackstone Group has struck a deal to buy Simply Self Storage from Brookfield Asset Management, making a bet on a sector that has remained strong throughout the coronavirus pandemic. 


 
A Corporate Feud Stings London Stock Market, Global Banks

Bavaguthu Raghuram Shetty, a 78-year-old entrepreneur, says two brothers fostered a father-son relationship with him before they allegedly cheated his health care, drug and payments companies in Europe and the Middle East out of billions of dollars. 


 
American Express Reports Higher Consumer Retail Spending

The credit-card company said consumer retail spending improved in the third quarter, but spending on travel and entertainment remained substantially lower. 


 
Barclays Swings to Profit but Sees Persistent Headwinds

Chief Executive Jes Staley sounded a cautiously optimistic note about the U.K. bank's prospects of rebounding from the coronavirus pandemic after it posted a profit in the third quarter. 


 
Capital One Opens Wallet on Credit Performance

Capital One gave investors one of the most detailed pictures to date of what is happening to consumer debt. That should give investors some comfort about banks, though not as much about the consumer economy.

(END) Dow Jones Newswires

10-26-20 0715ET