Fed's $600 Billion Main Street Lending Program Sees Lukewarm Interest

The government is offering to lend up to $600 billion to help small and midsize businesses weather the coronavirus-induced recession, but so far interest has been sparse. 


 
Bank Fraud Allegations Test Marijuana Business

Prosecutors are alleging a scheme to trick banks into processing more than $100 million in marijuana sales, in a case that could have profound consequences for the U.S. medical and recreational marijuana industries. 


 
Specialty Lenders Face Funding Challenge

As the Covid-19 pandemic boosts defaults, firms have raised money by selling shares at discounted prices and issuing bonds at high interest rates. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
EQT Sets EUR12.5 Billion Goal for Its Fifth Infrastructure Fund

The firm's next infrastructure pool would be its biggest yet and follows a record year for infrastructure fundraising in 2019. 


 
Companies Hit by Covid-19 Want Insurance Payouts. Insurers Say No.

A potentially $100 billion battle looms over "business interruption" coverage, which insurers say doesn't apply unless there is physical damage, like from a fire. In the thick of the fight is a New Orleans plaintiffs' lawyer who made his mark in the aftermath of hurricanes. 


 
Carlyle Group to Acquire 25% Stake in Airtel's Data-Center Business

Entities affiliated to the Carlyle Group will invest $235 million for 25% stake in Nxtra Data Ltd., a wholly owned unit of Bharti Airtel 


 
Fed Keeps Options Open on Yield Caps

The Federal Reserve is unlikely to cap short-term Treasury yields as part of its initial package of economic stimulus measures, instead reserving the option to cap yields later. 


 
Fed's Williams: Economy Has Likely Seen 'Low Point' in Continuing Crisis

Federal Reserve Bank of New York leader John Williams said the economy may have already seen the worst of the impact of the coronavirus pandemic, even as significant uncertainty looms. 


 
Eileen Murray to Lead Finra, Wall Street's Self-Regulatory Arm

The former co-chief executive of Bridgewater, the world's largest hedge fund, will take over as chairperson of Finra, Wall Street's self-regulatory arm.