Fed Sees Need for Additional Support but Is Vague on Timing
Federal Reserve officials said at their meeting last month they expected the economy would require greater support recovering from the coronavirus pandemic but were hazy about when they should deploy their tools.
Fund's Woes Highlight Risks Lurking in Commodity ETFs
The U.S. Oil Fund has been warned by securities regulators that it could face enforcement action related to its overhaul after oil crashed earlier this year.
The Latest Pain Trade on Wall Street: Banks
Hedge funds that invest in banks are getting bloodied this year, leading to double-digit losses and shutdowns for some funds.
Citi Widens Hunt for Revlon Loan Payments
Citigroup widened its effort to claw back money it wired to Revlon lenders, suing more investment firms that say they don't believe a major financial institution sent them portions of a $900 million payment by mistake.
Good Grounds for American Exceptionalism in Stocks
Investors might be surprised that equities are rebounding to record highs despite the coronavirus pandemic. But based on countries' economic policies, it's no surprise the U.S. got there first.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Mortgage Industry in for More Surprises
Fannie's and Freddie's new fee on some mortgage loans is unlikely to be the last move as their role in the market evolves.
Community-Based Lenders See Surge of Interest
A network of financial institutions set up to address economic inequality have received multimillion-dollar investments from Goldman Sachs Group, Bank of America, Netflix and Google, among others, following the coronavirus pandemic and the heightened attention on race.
Partnerships to Fight Financial Crime Gain Momentum
Banks have teamed up with governments in nearly 20 countries to more directly share real-time information on suspicious activity.
Westpac Scraps Mid-Year Dividend as Margins Decline
Westpac Banking Corp. scrapped its interim dividend to protect its balance sheet and increased its provision for bad debts, as the coronavirus pandemic creates hardship among business and residential borrowers.
