Fed Officials Warn Pandemic Response Is Hobbling Economic Rebound
Central bankers said a recent slowdown in U.S. economic activity was likely to persist because of difficulties states have encountered in suppressing the coronavirus pandemic, which could require more government spending to support the economy.
Water Street and JLL Partners Add $50 Million to Thread Commitments
The new money comes around a year after the private-equity firms bought the remote clinical-trial technology provider.
Chinese Online Property Broker to Raise $2.1 Billion in U.S. IPO
KE Holdings Inc., a Chinese online property brokerage backed by SoftBank Group Corp., will raise a larger-than-planned $2.1 billion through an initial public offering on the New York Stock Exchange.
U.S. Mortgage Lenders Face New Fee to Cover Heightened Risks
Fannie Mae and Freddie Mac said they would impose a new fee to insulate themselves from losses on refinanced mortgages they guarantee, a sign of potential turbulence in the housing market and a move likely to generate pushback from lenders.
Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars
The Wall Street firm is among a small number of bidders for the auto maker's credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter. Barclays is also in the running.
Waystar Agrees to Buy eSolutions at $1.3 Billion Valuation
Health-care payments business Waystar has agreed to acquire eSolutions in a deal that values the revenue cycle management provider at around $1.3 billion, according to people familiar with the matter.
Connecticut Pension Ramps Up Private Credit Commitments
Connecticut's $35.7 billion public pension system is ramping up its private-credit commitments to take advantage of the market dislocations caused by the coronavirus pandemic.
This European Digital Bank Is Prospering in the Pandemic
Shares of an Italian internet bank which doesn't operate a traditional branch network are soaring, bucking a broader downward trend.
Two U.S. Agencies Examining Investments Sold by Crowdfunding Site YieldStreet
Two U.S. agencies are looking into investments sold by YieldStreet, an online platform that pitches itself as giving people the chance to get in on deals usually reserved for the largest investors.
ABN AMRO Launches Corporate Banking Overhaul
ABN AMRO plans to streamline its business and exit all non-European corporate banking activities, as the Dutch bank reported a EUR5 million net loss for the second quarter.