Vanguard Fined for Misleading Money-Market Fund Customers

The money manager sent statements with incorrect information about fund yields and income, according to the Financial Industry Regulatory Authority. 


 
SVB Securities Prepares Management Buyout Backed by Baupost

The investment-banking business tied to Silicon Valley Bank is preparing a management buyout that has the backing of Seth Klarman's hedge fund, Baupost Group. 


 
Canada's Largest Pension Manager Shops Chunk of Private-Equity Portfolio

The investment arm of the roughly $423 billion Canada Pension Plan Investment Board is shopping two portfolios, including around $1 billion of direct stakes in private companies. 


 
The Student-Loan Freeze Is Ending. Prepare to Pay Up.

After a three-year pause, borrowers will have to make monthly payments again starting Aug. 30. 


 
Laurentian Bank Logs 2Q Earnings Beat

Laurentian Bank of Canada's second-quarter cash earnings beat market expectations as the lender managed a modest increase in revenue thanks to higher net interest income. 


 
Move Over, Delaware: Texas Takes Center Stage in Bankruptcy Surge

Chapter 11 filings by Platinum Equity's Incora and KKR's GenesisCare highlight the state's growing popularity as a bankruptcy venue. 


 
Jamie Dimon Says He Never Discussed Epstein's Accounts; Staley Says He Did

Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank's business with convicted sex offender Jeffrey Epstein. 


 
Financial Services Roundup: Market Talk

Find insight on home prices, Blackstone Real Estate Income Trust, Karnataka Bank, Mediobanca and more in the latest Market Talks covering the Financial Services sector. 


 
Fed Prepares to Skip June Rate Rise but Hike Later

Two Federal Reserve officials framed a potential decision to forgo a rate increase as a chance to assess more economic information, then possibly raise rates later this summer. 


 
Rising Rates Make It Harder to Help Distressed Homeowners. Regulators Are Trying to Fix That.

The FHA proposed a plan where struggling borrowers could get back on track while keeping their super-low interest rates.


(END) Dow Jones Newswires

06-02-23 0015ET