HSBC Restarts Plan to Cut 35,000 Jobs

The bank said in February that it would shed the jobs, but the plan was put on hold in March as staff scrambled to keep the company operational around the world during the worst of the coronavirus crisis. 


 
Insurer AmTrust Reaches Civil Settlement With SEC

AmTrust and its former chief financial officer agreed to pay $10.5 million to settle allegations they failed to fully disclose how they estimated losses from insurance claims. 


 
Standard Chartered to Raise $1 Billion From Debt Market

Standard Chartered is planning to raise $1 billion from the debt market and use the proceeds to strengthen its regulatory capital base and meet general business needs. 


 
Menlo Ventures Aims to Raise $500 Million for New Flagship Fund

Menlo Ventures Management is raising capital for its latest flagship fund after successfully hauling in $500 million for an early-growth vehicle last year. 


 
Beware as Wall Street Goes Direct to Consumer

Companies are increasingly issuing stock directly into the market. Individual investors should be on guard. 


 
Powell Says Economic Gains Are at Risk if Stimulus Measures End Prematurely

Federal Reserve Chairman Jerome Powell said recent economic improvement could be jeopardized if Congress curtailed support to workers displaced and businesses shuttered by the coronavirus pandemic. 


 
One Government Bond Market the Rally Didn't Reach

There are a number of good reasons to expect the Chinese government bond market to provide returns in the long term and diversification in the short term. 


 
Insurers Hit Brakes on Investments Designed to Make Risky Loans Safe

Insurance companies helped fuel the boom in a corner of the debt market that sliced and diced risky corporate loans. Those bets are now starting to hurt, crimping a key source of financing for Wall Street's deal-making machine. 


 
Goodhart Partners Raises Its Stake in Private-Equity Firm CapitalSpring

Nashville, Tenn.-based CapitalSpring is the second firm Goodhart has backed from its Volunteer Park Capital Fund SCSp, which is dedicated to acquiring minority interests in midmarket private-equity managers. The London-based asset management firm, which launched the Volunteer Park strategy last year, is seeking $200 million for the vehicle. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services.