Fed Issues New Bank Guidance to Improve Main Street Loan Access
The move is a bid to increase loans to small and midsize businesses via the central bank's program amid the coronavirus pandemic.
Fed's Bullard Says Inflation Could Start to Pick Up Soon
Federal Reserve Bank of St. Louis leader James Bullard said higher inflation is coming to the U.S. economy, but didn't indicate that would be a worrisome development.
Swedbank Under Investigation By Swedish Regulator in New Probe
In a statement, the bank said the investigation covers the period between Sep. 20, 2018, through Feb. 20, 2019, and relates to the disclosure of insider information and the obligation to establish an insider list in connection with the disclosure of suspected money laundering within the company.
Bank Investors Don't Have to Be so Anxious About New Stress Tests
The Federal Reserve is now giving banks another, and in key ways even tougher, stress test. But this shouldn't cause deep anxiety for investors.
SEC Fines Welsh Carson Over Late Stock Sale Disclosures
Private-equity firm Welsh, Carson, Anderson & Stowe has agreed to a $100,000 penalty for late disclosure that it had sold its stake in a publicly listed prosthetics company.
Fed Hires BlackRock to Help Calm Markets. Its ETF Business Wins Big.
The Federal Reserve committed in March to deploy billions of dollars to prop up the economy during coronavirus lockdowns. The move benefited money managers including BlackRock, which helped the Fed execute its plan.
China's Stock Bulls Spark a Decoupling in Market Prices
Some mismatch between a company's shares listed on China's mainland and their counterparts in Hong Kong isn't unusual. But the growing gulf is creating a strange situation where companies can simultaneously have two radically different valuations.
CaixaBank, Bankia Agree to Merge
The boards of CaixaBank and Bankia have approved a merger that will create a leading Spanish domestic lender with assets of more than EUR650 billion.
LSE Eyes Sale of Italian Unit to Help Secure Refinitiv Approval
The U.K. exchange operator took a key step toward gaining regulatory approval for its $15 billion acquisition of financial-data company Refinitiv by entering into exclusive talks for the sale of its Italian exchange operator.
Investec Warns on First-Half Outcome
Investec said trading in the first five months of the year was impacted by volatile markets, caused by the coronavirus, and warned that it expects interim headline EPS to be 47%-57% below the prior year's levels.