Wall Street Enforcement Chief to Leave Agency
The co-chief of enforcement for Wall Street's main regulator will leave the government this month, the first high-profile director to leave the agency as it readies for turnover among its top personnel around the November election.
Fed's Clarida Sees Third-Quarter Growth, Slow Recovery
Federal Reserve Vice Chairman Richard Clarida said he expects the economy to grow in the third quarter, adding that activity could return to pre-pandemic levels by the end of 2021.
Treasury Expects Borrowing Needs to Remain Elevated Amid Coronavirus Spending
The Treasury Department expects the government's borrowing needs to moderate somewhat this quarter but remain elevated amid an unprecedented surge in federal spending to combat the coronavirus pandemic.
Commerzbank Takes Hit on Wirecard Loan
Commerzbank, Germany's second-largest lender, took a big financial hit from its exposure to fintech firm Wirecard.
Allianz Confident on Outlook
Allianz reported a fall in second quarter operating profit to EUR2.57 billion following weakness at its property-casualty business, but said it expected "a solid financial performance" for the rest of 2020.
Quicken Loans Parent Expected to Price IPO at $18
Quicken Loans parent Rocket Companies is expected to price its initial public offering at $18 a share, below the targeted range. The offering is also expected to sell fewer shares than planned.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Former Trustify CEO's Indictment Highlights Due Diligence Dilemma
The indictment of the former chief executive of Trustify, who is accused of misleading investors about the startup's financial performance, underscores the challenges facing investors who conduct early-stage due diligence in competitive deals.
Insurers Report Mixed Results From Covid-19
Two giant sellers of insurance to consumers-Allstate and Prudential Financial-reported results that reflected the far-ranging impact of Covid-19.
Blackstone Joins Clearlake and Insight in Backing Software Maker Diligent
Blackstone Group is joining investors in Diligent in a deal that values the maker of corporate-governance software at north of $4 billion.
