A group of lawmakers led by Sen. Elizabeth Warren (D., Mass.) plans this week to reintroduce a modified version of the Stop Wall Street Looting Act, a two-year-old proposal to rein in the private-equity industry, according to people familiar with the matter.
China Sells $4 Billion of Dollar Bonds, Borrowing Cheaply Once Again
China raised $4 billion from a sale of U.S. dollar bonds, borrowing cheaply again from international investors that flocked to its offering despite the country's slowing economic growth.
The four-part deal comprised bonds that mature in three, five, 10 and 30 years, similar to China's previous international bond sale a year ago.
China PBOC Keeps Loan Prime Rate Unchanged
China's central bank kept its benchmark loan prime rate unchanged on Wednesday.
The one-year LPR remained at 3.85% and five-year LPR at 4.65%, the bank said.
Credit Suisse to Pay $475 Million, Admits Defrauding Investors to Settle Mozambique Charges
Credit Suisse Group AG agreed to pay $475 million and forgive $200 million Mozambique owes to investors in coordinated settlements with U.S. and European authorities over loans the bank made in the country.
A subsidiary of the Swiss bank pleaded guilty to wire fraud conspiracy charges in New York federal court Tuesday. Credit Suisse, which previously had maintained it was a victim of rogue employees, admitted to defrauding investors who bought some of the debt and agreed to pay $275 million to resolve both a criminal probe by the Justice Department and a civil investigation by the Securities and Exchange Commission.
Credit Suisse Spied on Seven Executives, Broke Swiss Rules, Regulator Says
Credit Suisse Group AG's efforts to spy on top executives were broader than previously known and broke Swiss supervisory law, that country's financial regulator said Tuesday.
The regulator, Finma, said that senior management knew about at least some of the seven surveillance campaigns it documented, pushing back on the bank's claims that rogue employees were to blame.
Write to paul.larkins@dowjones.com
Expected Major Events for Wednesday
06:00/GER: Sep PPI
06:00/UK: Sep UK producer prices
06:00/UK: Sep UK monthly inflation figures
07:00/SVK: Sep Harmonized CPI
07:00/AUT: Sep CPI
08:00/POL: Sep PPI
08:00/POL: Sep Industrial Production Index
08:00/EU: Aug Euro area balance of payments
08:00/POL: Sep Agricultural prices
08:30/UK: Aug UK House Price Index
09:00/CYP: Sep Harmonised CPI
09:00/EU: Sep Harmonised CPI
09:00/ITA: Aug Balance of Payments
09:00/LUX: Sep Unemployment
10:00/UK: Sep Aluminium Production report
17:59/POR: Aug Balance of Payments
17:59/POR: Jul ICSG Copper Report
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
10-20-21 0020ET
