U.K. Opens Door to SPACs, Big Tech IPOs to Compete With New York
The British government is expected to unveil a set of new proposals that aim to help London retain its place as Europe's pre-eminent financial center post-Brexit.
Private-Equity Group Led by BayPine Nears Deal to Buy Mavis Express Tire Services
A group of private-equity firms led by BayPine is nearing a deal to buy Mavis Express Tire Services in a transaction that would value the auto-service chain at around $6 billion including debt.
Biden's SEC Pick Faces Senate Panel
Gary Gensler, President Biden's pick to lead the Securities and Exchange Commission, told senators he would look into issues ranging from climate change to the GameStop trading frenzy.
California Teachers' Pension System Increases Co-Investing
One of California's largest public pension plans meaningfully stepped up its co-investment activity during the six-month period ended Sept. 30.
Greensill Problems Build as Regulator Watches Over Banking Unit
Pressure mounted on the embattled SoftBank-backed financial firm as it scrambled to sell core parts of its business and regulators intensified supervision of its banking unit.
Fidelity's Retail Investor Accounts Rise 17% to 26 Million
A surge in interest from individual investors spurred activity at the money manager in 2020.
Anti-Money-Laundering Unit Must Staff Up to Fulfill Reform Mandate, Official Says
The U.S. Treasury Department's financial crimes unit is focused on acquiring the resources it needs to implement sweeping new anti-money-laundering reforms-in a way that doesn't unnecessary burden the financial industry, its director said.
China Banking Regulator Sees Risk From Real-Estate 'Bubble'
The chairman of the China Banking and Insurance Regulatory Commission said he was concerned that what he termed a "bubble" in Chinese real-estate prices could threaten the country's financial sector and its broader economy.
Investors Look to ECB to Step In After European Yields Rise
A sharp rise in European government-bond yields last week is prompting investors to bet on the region's central bank intervening to keep financing costs low.
Philip Falcone's Second Act in Long-Term-Care Insurance Turns Ugly
A lawsuit involving Philip Falcone and a former regulator he hired to run one of his insurance companies is exposing problems in an experiment by state insurance departments in the long-term-care insurance market.
(END) Dow Jones Newswires