Derby's Take: Looming Treasury Bill Shortage Creates Problem for Fed
The Federal Reserve may soon face conditions that could make its technically-driven balance sheet efforts look even more like the stimulus campaign many in the markets think it is because the Fed may soon have to supplement buying Treasury bills with purchases of Treasury notes.
JPMorgan CEO Jamie Dimon's Compensation Rises to $31.5 Million
JPMorgan Chase paid its chief executive, James Dimon, $31.5 million for his work in 2019, a 1.6% boost, as the bank set fresh records in profit and stock price.
George Soros Commits $1 Billion to Educational Initiative
The billionaire philanthropist aims to fund a loose network of universities around the world to help educate young people and promote "personal autonomy."
Kleiner Perkins Eyes Next $600 Million Fund After Just One Year
Kleiner Perkins is returning to the market to raise a new fund just a year after securing capital for its last fund, according to people familiar with the situation.
Wells Fargo Ex-CEO Banned, to Pay $17 Million in Fake-Account Scandal
A regulator barred John Stumpf from the banking industry over the firm's fake-accounts scandal, an extraordinary sanction for a top executive at a large bank.
Travelers Posts Higher Profit But Warns About Lawsuit Payments
The insurer, one of the first big property-casualty insurers to report quarterly earnings, posted a higher fourth-quarter profit but said it faced higher-than-expected claims payments for lawsuits and jury awards.
Fed Repos Add $74.2 Billion, But Net Liquidity Declines Modestly
The Federal Reserve Bank of New York intervened with two temporary additions of liquidity that nevertheless amounted to a modest reduction in the overall amount of temporary liquidity the central bank is adding to financial markets.
U.K. Court Orders Russians to Pay $900 Million Over Bank Collapse
Three former Russian bank owners were ordered by a London court to pay $900 million for siphoning money out and contributing to the collapse of domestic lender National Bank Trust five years ago.
ECB Indicates It Will Leave Negative Rates In Place for Some Time
The ECB signaled it will leave negative interest rates in place for some time, despite growing misgivings with the unconventional policy tool, as trade tensions continue to drag on the export-focused eurozone economy.
Kinderhook Enters the $1 Billion Fund Club With Sixth Offering
Kinderhook Industries, a New York-based midmarket firm, has raised its first fund to surpass the $1 billion mark.