Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin

Central banks around the world are weighing introducing a new kind of money. Here is what you need to know. 


 
U.K. Regulator Pushes Auditors to Sniff Out Fraud

The U.K.'s accounting regulator wants to put the onus on auditors to seek out fraud among their clients after a string of corporate scandals shook the sector. 


 
Fed's Mester: More Work Needed To Communicate New Fed Framework

Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that the U.S. central bank will likely need to work harder to make sure the general public understands what it is trying to accomplish with monetary policy. 


 
Fed's Brainard Says More Spending Needed to Avoid Recovery Imbalance

Federal Reserve governor Lael Brainard warned that the U.S. economy would face an uneven recovery without additional government spending to shore up the hardest-hit sectors from the coronavirus pandemic. 


 
Leveraged Buyouts Come Roaring Back

Deals including Blackstone's agreement to buy genealogy researcher Ancestry are sparking an LBO revival after an assessment of the damage from the pandemic shutdown on private-equity firms' portfolio companies. 


 
More Corporate Bonds Are Rated Triple-A in China Despite Pandemic

China's credit-rating firms are doling out more triple-A bond ratings, a trend that has continued this year despite the coronavirus pandemic and greater borrowing by companies in the world's second-largest economy. 


 
Applying for PPP Forgiveness? Here Are Some Things to Know

The Small Business Administration in August started accepting applications to have some of the more than five million Paycheck Protection Program loans forgiven. 


 
Handelsbanken Profit Disappoints

Handelsbanken reported a 7% fall in third-quarter net profit and said it has started an investigation into the sale of its Ecster subsidiary and its card acquiring operations. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Apollo Board Panel to Review Leon Black Ties With Jeffrey Epstein

The law firm Dechert has been selected to examine the business dealings between the private-equity firm's CEO and the disgraced financier.

(END) Dow Jones Newswires

10-21-20 1115ET